206,642 Shares in Schwab US Dividend Equity ETF $SCHD Purchased by Founders Financial Securities LLC

Founders Financial Securities LLC bought a new position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 206,642 shares of the company’s stock, valued at approximately $6,722,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Envestnet Asset Management Inc. increased its position in Schwab US Dividend Equity ETF by 2.1% in the second quarter. Envestnet Asset Management Inc. now owns 17,667,059 shares of the company’s stock worth $560,222,000 after purchasing an additional 354,983 shares during the last quarter. Cassaday & Co Wealth Management LLC grew its stake in Schwab US Dividend Equity ETF by 3.5% in the first quarter. Cassaday & Co Wealth Management LLC now owns 9,569,026 shares of the company’s stock worth $293,578,000 after purchasing an additional 324,778 shares in the last quarter. Royal Bank of Canada increased its stake in shares of Schwab US Dividend Equity ETF by 8.3% during the first quarter. Royal Bank of Canada now owns 8,655,941 shares of the company’s stock valued at $265,563,000 after buying an additional 660,876 shares during the period. Keystone Financial Planning Inc. increased its position in Schwab US Dividend Equity ETF by 0.5% during the 3rd quarter. Keystone Financial Planning Inc. now owns 6,279,518 shares of the company’s stock valued at $204,273,000 after purchasing an additional 29,169 shares during the period. Finally, Keybank National Association OH raised its stake in Schwab US Dividend Equity ETF by 7.9% in the first quarter. Keybank National Association OH now owns 3,836,791 shares of the company’s stock worth $117,713,000 after buying an additional 280,129 shares in the last quarter.

Schwab US Dividend Equity ETF Stock Up 1.5%

NYSEARCA SCHD opened at $35.61 on Friday. The firm has a market cap of $120.02 billion, a PE ratio of 14.57 and a beta of 0.68. The company has a 50 day moving average price of $34.11 and a 200 day moving average price of $32.28. Schwab US Dividend Equity ETF has a 52 week low of $26.32 and a 52 week high of $35.63.

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.