19,873 Shares in Schwab US Dividend Equity ETF $SCHD Bought by Private Client Services LLC

Private Client Services LLC purchased a new stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 19,873 shares of the company’s stock, valued at approximately $646,000.

A number of other hedge funds also recently modified their holdings of SCHD. Envestnet Asset Management Inc. increased its holdings in Schwab US Dividend Equity ETF by 2.1% in the second quarter. Envestnet Asset Management Inc. now owns 17,667,059 shares of the company’s stock valued at $560,222,000 after purchasing an additional 354,983 shares during the period. Cassaday & Co Wealth Management LLC lifted its holdings in Schwab US Dividend Equity ETF by 3.5% during the 1st quarter. Cassaday & Co Wealth Management LLC now owns 9,569,026 shares of the company’s stock worth $293,578,000 after buying an additional 324,778 shares during the period. Royal Bank of Canada grew its position in shares of Schwab US Dividend Equity ETF by 8.3% in the 1st quarter. Royal Bank of Canada now owns 8,655,941 shares of the company’s stock valued at $265,563,000 after buying an additional 660,876 shares during the last quarter. Cibc World Market Inc. grew its position in shares of Schwab US Dividend Equity ETF by 31.8% in the 4th quarter. Cibc World Market Inc. now owns 7,022,759 shares of the company’s stock valued at $192,634,000 after buying an additional 1,694,144 shares during the last quarter. Finally, MML Investors Services LLC increased its stake in shares of Schwab US Dividend Equity ETF by 5.8% in the fourth quarter. MML Investors Services LLC now owns 6,298,234 shares of the company’s stock valued at $172,761,000 after buying an additional 345,987 shares during the period.

Schwab US Dividend Equity ETF Stock Performance

Shares of SCHD traded up $0.07 during mid-day trading on Friday, reaching $32.73. 12,537,267 shares of the company were exchanged, compared to its average volume of 22,409,461. Schwab US Dividend Equity ETF has a 52 week low of $26.32 and a 52 week high of $35.31. The stock has a market capitalization of $108.51 billion, a PE ratio of 14.57 and a beta of 0.68. The business has a 50 day simple moving average of $34.10 and a two-hundred day simple moving average of $32.56.

Schwab US Dividend Equity ETF Profile

The Schwab U.S. Dividend Equity ETF (SCHD) is an exchange-traded fund that is based on the Dow Jones U.S. Dividend 100 index, a market-cap-weighted index of 100 dividend-paying US equities. SCHD was launched on Oct 20, 2011 and is managed by Schwab.