WealthPoint Financial LLC Takes $431,000 Position in Schwab US Dividend Equity ETF $SCHD

WealthPoint Financial LLC purchased a new position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 15,729 shares of the company’s stock, valued at approximately $431,000.

Several other large investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC boosted its position in shares of Schwab US Dividend Equity ETF by 404.6% during the 4th quarter. Brighton Jones LLC now owns 105,089 shares of the company’s stock worth $2,871,000 after purchasing an additional 84,262 shares in the last quarter. Revolve Wealth Partners LLC increased its holdings in shares of Schwab US Dividend Equity ETF by 206.9% in the 4th quarter. Revolve Wealth Partners LLC now owns 76,685 shares of the company’s stock valued at $2,095,000 after purchasing an additional 51,696 shares in the last quarter. Bison Wealth LLC lifted its stake in shares of Schwab US Dividend Equity ETF by 234.4% in the fourth quarter. Bison Wealth LLC now owns 441,394 shares of the company’s stock valued at $12,059,000 after purchasing an additional 309,400 shares during the period. Goldman Sachs Group Inc. lifted its stake in shares of Schwab US Dividend Equity ETF by 35.6% in the first quarter. Goldman Sachs Group Inc. now owns 592,953 shares of the company’s stock valued at $16,579,000 after purchasing an additional 155,769 shares during the period. Finally, United Bank lifted its stake in shares of Schwab US Dividend Equity ETF by 5.0% in the second quarter. United Bank now owns 195,713 shares of the company’s stock valued at $5,186,000 after purchasing an additional 9,351 shares during the period.

Schwab US Dividend Equity ETF Trading Down 0.2%

SCHD stock opened at $31.86 on Friday. The company’s 50-day moving average price is $31.82 and its 200 day moving average price is $30.40. Schwab US Dividend Equity ETF has a 52 week low of $26.16 and a 52 week high of $32.92. The company has a market cap of $90.44 billion, a P/E ratio of 14.57 and a beta of 0.67.

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.