Smithbridge Asset Management Inc. DE Acquires 447,126 Shares of Schwab US Dividend Equity ETF $SCHD

Smithbridge Asset Management Inc. DE acquired a new stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) in the third quarter, HoldingsChannel.com reports. The firm acquired 447,126 shares of the company’s stock, valued at approximately $14,545,000. Schwab US Dividend Equity ETF comprises 2.0% of Smithbridge Asset Management Inc. DE’s portfolio, making the stock its 13th largest position.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Byrne Asset Management LLC bought a new stake in shares of Schwab US Dividend Equity ETF in the 2nd quarter worth about $26,000. DiNuzzo Private Wealth Inc. acquired a new stake in shares of Schwab US Dividend Equity ETF during the 2nd quarter worth about $27,000. Ashton Thomas Securities LLC acquired a new stake in shares of Schwab US Dividend Equity ETF during the 1st quarter worth about $32,000. Signature Resources Capital Management LLC increased its position in shares of Schwab US Dividend Equity ETF by 53.8% during the 1st quarter. Signature Resources Capital Management LLC now owns 1,430 shares of the company’s stock worth $44,000 after purchasing an additional 500 shares in the last quarter. Finally, Hanson & Doremus Investment Management lifted its holdings in Schwab US Dividend Equity ETF by 35.7% during the 1st quarter. Hanson & Doremus Investment Management now owns 2,001 shares of the company’s stock valued at $61,000 after purchasing an additional 526 shares during the last quarter.

Schwab US Dividend Equity ETF Stock Down 0.3%

Shares of SCHD stock opened at $34.24 on Tuesday. The company has a market capitalization of $114.53 billion, a P/E ratio of 14.57 and a beta of 0.68. Schwab US Dividend Equity ETF has a 12-month low of $26.32 and a 12-month high of $35.31. The firm has a 50-day moving average price of $34.01 and a 200 day moving average price of $32.79.

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.