Manning & Napier Advisors LLC Buys 42,858 Shares of Schwab US Dividend Equity ETF $SCHD

Manning & Napier Advisors LLC boosted its stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 5.1% in the first quarter, HoldingsChannel reports. The firm owned 889,136 shares of the company’s stock after acquiring an additional 42,858 shares during the period. Manning & Napier Advisors LLC’s holdings in Schwab US Dividend Equity ETF were worth $27,279,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Wells Fargo & Company MN boosted its stake in Schwab US Dividend Equity ETF by 5.7% during the 4th quarter. Wells Fargo & Company MN now owns 10,203,553 shares of the company’s stock worth $279,883,000 after acquiring an additional 552,907 shares during the last quarter. Avantax Planning Partners Inc. raised its holdings in Schwab US Dividend Equity ETF by 3.8% in the fourth quarter. Avantax Planning Partners Inc. now owns 10,106,223 shares of the company’s stock worth $277,214,000 after purchasing an additional 366,548 shares during the period. Cassaday & Co Wealth Management LLC raised its holdings in Schwab US Dividend Equity ETF by 52.2% in the fourth quarter. Cassaday & Co Wealth Management LLC now owns 9,244,248 shares of the company’s stock worth $253,570,000 after purchasing an additional 3,170,728 shares during the period. Royal Bank of Canada boosted its position in shares of Schwab US Dividend Equity ETF by 4.0% during the fourth quarter. Royal Bank of Canada now owns 7,995,065 shares of the company’s stock worth $219,304,000 after purchasing an additional 304,047 shares in the last quarter. Finally, Cibc World Market Inc. grew its holdings 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 period.

Schwab US Dividend Equity ETF Stock Up 0.4%

Schwab US Dividend Equity ETF stock traded up $0.14 during mid-day trading on Friday, hitting $32.40. 14,149,522 shares of the company’s stock were exchanged, compared to its average volume of 22,244,186. The company’s 50 day simple moving average is $32.17 and its 200-day simple moving average is $30.88. The firm has a market capitalization of $98.10 billion, a P/E ratio of 14.57 and a beta of 0.68. Schwab US Dividend Equity ETF has a fifty-two week low of $26.21 and a fifty-two week high of $32.92.

About Schwab US Dividend Equity ETF

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.