Steele Capital Management Inc. Makes New $31.87 Million Investment in Schwab U.S. Dividend Equity ETF (NYSEARCA:SCHD)

Steele Capital Management Inc. bought a new position in Schwab U.S. Dividend Equity ETF (NYSEARCA:SCHD) during the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 418,619 shares of the company’s stock, valued at approximately $31,869,000. Schwab U.S. Dividend Equity ETF accounts for 2.1% of Steele Capital Management Inc.’s portfolio, making the stock its 15th biggest position.

A number of other large investors also recently added to or reduced their stakes in the business. Sumitomo Life Insurance Co. bought a new stake in Schwab U.S. Dividend Equity ETF in the 4th quarter worth $228,390,000. International Assets Investment Management LLC bought a new stake in Schwab U.S. Dividend Equity ETF in the 4th quarter worth $89,561,000. LPL Financial LLC grew its holdings in Schwab U.S. Dividend Equity ETF by 4.7% in the 3rd quarter. LPL Financial LLC now owns 11,272,535 shares of the company’s stock worth $797,645,000 after acquiring an additional 503,970 shares during the last quarter. DDD Partners LLC grew its holdings in Schwab U.S. Dividend Equity ETF by 12,161.9% in the 4th quarter. DDD Partners LLC now owns 488,148 shares of the company’s stock worth $37,163,000 after acquiring an additional 484,167 shares during the last quarter. Finally, HighTower Advisors LLC grew its holdings in Schwab U.S. Dividend Equity ETF by 34.1% in the 3rd quarter. HighTower Advisors LLC now owns 1,874,088 shares of the company’s stock worth $132,545,000 after acquiring an additional 476,951 shares during the last quarter.

Schwab U.S. Dividend Equity ETF Price Performance

Schwab U.S. Dividend Equity ETF stock traded up $0.44 during trading hours on Monday, reaching $77.92. The stock had a trading volume of 2,473,132 shares, compared to its average volume of 3,608,732. The company has a fifty day simple moving average of $78.31 and a 200-day simple moving average of $75.26. The stock has a market cap of $54.51 billion, a PE ratio of 14.82 and a beta of 0.77. Schwab U.S. Dividend Equity ETF has a 52 week low of $66.67 and a 52 week high of $80.82.

Schwab U.S. 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.