Verus Financial Partners Inc. Boosts Holdings in Schwab US Dividend Equity ETF $SCHD

Verus Financial Partners Inc. boosted its holdings in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 1.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,034,362 shares of the company’s stock after buying an additional 17,749 shares during the quarter. Schwab US Dividend Equity ETF makes up about 2.7% of Verus Financial Partners Inc.’s investment portfolio, making the stock its 13th largest holding. Verus Financial Partners Inc.’s holdings in Schwab US Dividend Equity ETF were worth $28,238,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Rakuten Investment Management Inc. bought a new stake in shares of Schwab US Dividend Equity ETF during the 3rd quarter valued at $1,127,144,000. RMG Wealth Management LLC purchased a new position in Schwab US Dividend Equity ETF during the second quarter valued at $132,621,000. Osaic Holdings Inc. grew its holdings in Schwab US Dividend Equity ETF by 12.1% during the second 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 during the period. DDD Partners LLC increased its position in Schwab US Dividend Equity ETF by 3,673.0% in the second quarter. DDD Partners LLC now owns 1,196,005 shares of the company’s stock worth $31,694,000 after buying an additional 1,164,306 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its stake in shares of Schwab US Dividend Equity ETF by 6.0% in the second quarter. Envestnet Asset Management Inc. now owns 19,215,884 shares of the company’s stock worth $509,221,000 after buying an additional 1,083,206 shares during the period.

Schwab US Dividend Equity ETF Trading Up 0.1%

Shares of NYSEARCA:SCHD opened at $29.17 on Friday. The stock has a 50 day moving average of $27.79 and a 200 day moving average of $27.39. The company has a market cap of $76.50 billion, a PE 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 $29.26.

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.