D.A. Davidson & CO. Makes New Investment in Schwab US Dividend Equity ETF $SCHD

D.A. Davidson & CO. bought a new position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund bought 2,459,209 shares of the company’s stock, valued at approximately $79,998,000.

Several other institutional investors also recently made changes to their positions in SCHD. Brookstone Capital Management purchased a new position in shares of Schwab US Dividend Equity ETF in the 3rd quarter valued at about $71,011,000. Summit Financial Wealth Advisors LLC acquired a new position in Schwab US Dividend Equity ETF during the third quarter worth about $63,803,000. BOKF NA acquired a new position in Schwab US Dividend Equity ETF during the third quarter worth about $60,243,000. Paradiem LLC acquired a new position in Schwab US Dividend Equity ETF during the first quarter worth about $56,258,000. Finally, Baer Investment Advisory LLC purchased a new position in Schwab US Dividend Equity ETF in the first quarter valued at about $46,847,000.

Schwab US Dividend Equity ETF Trading Down 0.1%

SCHD stock opened at $35.09 on Thursday. The firm has a 50 day moving average of $34.10 and a 200-day moving average of $32.25. Schwab US Dividend Equity ETF has a 12-month low of $26.32 and a 12-month high of $35.45. The company has a market cap of $118.27 billion, a price-to-earnings ratio of 14.57 and a beta of 0.68.

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.