Spartan Wealth Advisory Services LLC bought a new stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD – Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 234,845 shares of the company’s stock, valued at approximately $7,205,000.
Several other large investors also recently modified their holdings of the stock. Cassaday & Co Wealth Management LLC raised its stake 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 valued at $253,570,000 after purchasing an additional 3,170,728 shares in the last quarter. Paradiem LLC acquired a new stake in Schwab US Dividend Equity ETF during the first quarter worth about $56,258,000. Cibc World Market Inc. grew its stake in Schwab US Dividend Equity ETF by 31.8% during the fourth quarter. Cibc World Market Inc. now owns 7,022,759 shares of the company’s stock worth $192,634,000 after buying an additional 1,694,144 shares in the last quarter. Keudell Morrison Wealth Management bought a new position in Schwab US Dividend Equity ETF in the 4th quarter valued at about $43,773,000. Finally, Baer Investment Advisory LLC bought a new position in Schwab US Dividend Equity ETF in the 1st quarter valued at about $46,847,000.
Schwab US Dividend Equity ETF Trading Down 0.4%
Shares of NYSEARCA:SCHD opened at $32.91 on Friday. The firm has a 50 day moving average of $32.26 and a 200-day moving average of $31.06. Schwab US Dividend Equity ETF has a 12 month low of $26.21 and a 12 month high of $33.50. The stock has a market capitalization of $100.39 billion, a PE 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.
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