52,483 Shares in Schwab US Dividend Equity ETF $SCHD Acquired by Elevation Point Wealth Partners LLC

Elevation Point Wealth Partners LLC acquired a new position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 52,483 shares of the company’s stock, valued at approximately $1,433,000.

A number of other hedge funds have also recently bought and sold shares of SCHD. Rakuten Investment Management Inc. bought a new stake in Schwab US Dividend Equity ETF during the 3rd quarter worth about $1,127,144,000. Sumitomo Life Insurance Co. bought a new position in shares of Schwab US Dividend Equity ETF in the 3rd quarter valued at about $847,665,000. Cibc World Market Inc. grew its position in shares of Schwab US Dividend Equity ETF by 243.5% during the 3rd quarter. Cibc World Market Inc. now owns 5,328,615 shares of the company’s stock worth $145,471,000 after buying an additional 3,777,339 shares during the period. Osaic Holdings Inc. grew its position in shares of Schwab US Dividend Equity ETF by 12.1% during the 2nd quarter. Osaic Holdings Inc. now owns 11,264,610 shares of the company’s stock worth $298,684,000 after buying an additional 1,217,005 shares during the period. Finally, Cerity Partners LLC raised its stake in shares of Schwab US Dividend Equity ETF by 18.0% during the third quarter. Cerity Partners LLC now owns 6,599,938 shares of the company’s stock worth $180,178,000 after buying an additional 1,005,469 shares during the last quarter.

Schwab US Dividend Equity ETF Price Performance

Shares of NYSEARCA SCHD opened at $30.87 on Tuesday. Schwab US Dividend Equity ETF has a fifty-two week low of $23.87 and a fifty-two week high of $31.95. The firm has a market capitalization of $81.20 billion, a P/E ratio of 14.57 and a beta of 0.77. The company’s 50 day simple moving average is $30.38 and its 200 day simple moving average is $28.37.

Schwab US Dividend Equity ETF Company 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.