169,336 Shares of Schwab US Dividend Equity ETF $SCHD Bought by Liberty Capital Management Inc.

Liberty Capital Management Inc. acquired a new stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 169,336 shares of the company’s stock, valued at approximately $5,508,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Rakuten Investment Management Inc. increased its holdings in Schwab US Dividend Equity ETF by 7.5% in the third quarter. Rakuten Investment Management Inc. now owns 50,684,634 shares of the company’s stock worth $1,664,990,000 after purchasing an additional 3,545,800 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake 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 buying an additional 354,983 shares during the period. Commonwealth Equity Services LLC bought a new position in shares of Schwab US Dividend Equity ETF during the 3rd quarter worth approximately $337,510,000. Cassaday & Co Wealth Management LLC boosted its holdings in shares of 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 in the last quarter. Finally, Royal Bank of Canada boosted its holdings in shares of Schwab US Dividend Equity ETF by 8.3% during the 1st quarter. Royal Bank of Canada now owns 8,655,941 shares of the company’s stock worth $265,563,000 after buying an additional 660,876 shares in the last quarter.

Schwab US Dividend Equity ETF Stock Down 2.2%

Shares of SCHD stock opened at $35.42 on Friday. The company has a market cap of $120.43 billion, a price-to-earnings ratio of 19.09 and a beta of 0.68. Schwab US Dividend Equity ETF has a 52 week low of $26.46 and a 52 week high of $36.38. The firm has a 50 day moving average of $34.19 and a 200-day moving average of $32.46.

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.