RMG Wealth Management LLC Purchases New Stake in Schwab US Dividend Equity ETF $SCHD

RMG Wealth Management LLC purchased a new stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 168,984 shares of the company’s stock, valued at approximately $5,365,000. Schwab US Dividend Equity ETF comprises about 0.6% of RMG Wealth Management LLC’s investment portfolio, making the stock its 12th biggest position.

Several other institutional investors and hedge funds have also recently modified their holdings of SCHD. Dickmeyer Boyce Financial Management Inc. acquired a new position in shares of Schwab US Dividend Equity ETF in the first quarter valued at $6,957,000. Ascension Capital Advisors Inc. acquired a new stake in shares of Schwab US Dividend Equity ETF during the 1st quarter worth about $214,000. Forefront Analytics LLC bought a new stake in shares of Schwab US Dividend Equity ETF during the 1st quarter worth about $464,000. GSG Advisors LLC boosted its holdings in shares of Schwab US Dividend Equity ETF by 3.0% during the 1st quarter. GSG Advisors LLC now owns 491,519 shares of the company’s stock worth $15,080,000 after buying an additional 14,530 shares during the period. Finally, First Citizens Bank & Trust Co. grew its stake in Schwab US Dividend Equity ETF by 105.1% in the 1st quarter. First Citizens Bank & Trust Co. now owns 28,279 shares of the company’s stock valued at $868,000 after buying an additional 14,490 shares during the last quarter.

Schwab US Dividend Equity ETF Stock Down 0.3%

Schwab US Dividend Equity ETF stock opened at $32.80 on Friday. The stock has a market cap of $100.55 billion, a P/E ratio of 14.57 and a beta of 0.68. Schwab US Dividend Equity ETF has a twelve month low of $26.21 and a twelve month high of $33.50. The company’s 50-day moving average price is $32.34 and its two-hundred day moving average price is $31.23.

Schwab US Dividend Equity ETF 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.