Cassaday & Co Wealth Management LLC Grows Stock Holdings in Schwab US Dividend Equity ETF $SCHD

Cassaday & Co Wealth Management LLC lifted its holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 52.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,244,248 shares of the company’s stock after acquiring an additional 3,170,728 shares during the quarter. Schwab US Dividend Equity ETF makes up approximately 5.3% of Cassaday & Co Wealth Management LLC’s holdings, making the stock its 6th largest holding. Cassaday & Co Wealth Management LLC’s holdings in Schwab US Dividend Equity ETF were worth $253,570,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Rakuten Investment Management Inc. acquired a new position in shares of Schwab US Dividend Equity ETF in the 3rd quarter worth approximately $1,127,144,000. Sumitomo Life Insurance Co. acquired a new position in shares of Schwab US Dividend Equity ETF in the 3rd quarter worth approximately $847,665,000. Avantax Planning Partners Inc. boosted its holdings in shares of Schwab US Dividend Equity ETF by 3.0% in the 3rd quarter. Avantax Planning Partners Inc. now owns 9,739,675 shares of the company’s stock worth $265,893,000 after acquiring an additional 280,277 shares in the last quarter. MML Investors Services LLC boosted its holdings in shares of Schwab US Dividend Equity ETF by 3.2% in the 2nd quarter. MML Investors Services LLC now owns 6,058,642 shares of the company’s stock worth $160,554,000 after acquiring an additional 185,649 shares in the last quarter. Finally, HighTower Advisors LLC boosted its holdings in shares of Schwab US Dividend Equity ETF by 0.6% in the 3rd quarter. HighTower Advisors LLC now owns 5,684,538 shares of the company’s stock worth $155,188,000 after acquiring an additional 33,472 shares in the last quarter.

Schwab US Dividend Equity ETF Price Performance

Shares of SCHD opened at $31.54 on Friday. The company has a market capitalization of $89.53 billion, a P/E ratio of 14.57 and a beta of 0.68. Schwab US Dividend Equity ETF has a one year low of $25.65 and a one year high of $32.13. The business’s 50 day simple moving average is $30.99 and its 200-day simple moving average is $29.28.

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.