Sherman Wealth Management LLC Acquires Shares of 22,697 Schwab US Dividend Equity ETF $SCHD

Sherman Wealth Management LLC bought a new position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 22,697 shares of the company’s stock, valued at approximately $620,000.

Several other hedge funds and other institutional investors have also made changes to their positions in SCHD. Rakuten Investment Management Inc. acquired a new stake in Schwab US Dividend Equity ETF in the third quarter valued at about $1,127,144,000. Sumitomo Life Insurance Co. purchased a new stake in Schwab US Dividend Equity ETF in the 3rd quarter valued at approximately $847,665,000. Osaic Holdings Inc. boosted its holdings in Schwab US Dividend Equity ETF by 12.1% in the 2nd quarter. Osaic Holdings Inc. now owns 11,264,610 shares of the company’s stock valued at $298,684,000 after purchasing an additional 1,217,005 shares in the last quarter. Avantax Planning Partners Inc. increased its position in Schwab US Dividend Equity ETF by 3.0% during the 3rd quarter. Avantax Planning Partners Inc. now owns 9,739,675 shares of the company’s stock worth $265,893,000 after purchasing an additional 280,277 shares during the period. Finally, Cerity Partners LLC raised its stake in shares of Schwab US Dividend Equity ETF by 18.0% during the 3rd quarter. Cerity Partners LLC now owns 6,599,938 shares of the company’s stock worth $180,178,000 after buying an additional 1,005,469 shares in the last quarter.

Schwab US Dividend Equity ETF Price Performance

SCHD opened at $30.44 on Friday. The business has a 50 day simple moving average of $30.74 and a 200-day simple moving average of $28.54. The stock has a market capitalization of $80.06 billion, a P/E ratio of 14.57 and a beta of 0.77. Schwab US Dividend Equity ETF has a 12 month low of $23.87 and a 12 month high of $31.95.

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.