Avidian Wealth Enterprises LLC Purchases 191,497 Shares of Schwab US Dividend Equity ETF $SCHD

Avidian Wealth Enterprises LLC acquired a new position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 191,497 shares of the company’s stock, valued at approximately $6,229,000.

Several other institutional investors have also made changes to their positions in SCHD. Envestnet Asset Management Inc. grew 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 purchasing an additional 354,983 shares in the last quarter. Cassaday & Co Wealth Management LLC lifted its stake in Schwab US Dividend Equity ETF by 3.5% in the first quarter. Cassaday & Co Wealth Management LLC now owns 9,569,026 shares of the company’s stock valued at $293,578,000 after acquiring an additional 324,778 shares during the last quarter. Royal Bank of Canada increased its stake 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 purchasing an additional 660,876 shares during the last quarter. MML Investors Services LLC increased its position in Schwab US Dividend Equity ETF by 5.8% during the fourth quarter. MML Investors Services LLC now owns 6,298,234 shares of the company’s stock worth $172,761,000 after buying an additional 345,987 shares during the last quarter. Finally, HHM Wealth Advisors LLC boosted its stake in shares of Schwab US Dividend Equity ETF by 2.8% during the 1st quarter. HHM Wealth Advisors LLC now owns 5,156,506 shares of the company’s stock worth $158,202,000 after acquiring an additional 138,225 shares in the last quarter.

Schwab US Dividend Equity ETF Price Performance

SCHD traded up $0.29 on Thursday, hitting $32.95. The company had a trading volume of 11,551,265 shares, compared to its average volume of 22,388,605. Schwab US Dividend Equity ETF has a 1-year low of $26.32 and a 1-year high of $35.31. The company’s fifty day moving average price is $34.02 and its 200 day moving average price is $32.62. The stock has a market cap of $109.54 billion, a price-to-earnings ratio of 14.57 and a beta of 0.68.

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.