Mesirow Financial Investment Management Inc. Purchases New Position in Schwab US Dividend Equity ETF $SCHD

Mesirow Financial Investment Management Inc. bought a new position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 479,710 shares of the company’s stock, valued at approximately $15,605,000.

Several other institutional investors also recently modified their holdings of SCHD. Lido Advisors LLC bought a new position in shares of Schwab US Dividend Equity ETF during the third quarter valued at $21,071,000. Keybank National Association OH acquired a new position in shares of Schwab US Dividend Equity ETF during the third quarter worth $145,332,000. Cornerstone Wealth Management LLC lifted its holdings in shares of Schwab US Dividend Equity ETF by 0.7% during the third quarter. Cornerstone Wealth Management LLC now owns 57,081 shares of the company’s stock worth $1,857,000 after purchasing an additional 395 shares during the period. Narwhal Capital Management bought a new stake in shares of Schwab US Dividend Equity ETF in the third quarter worth $1,138,000. Finally, Csenge Advisory Group grew its stake in shares of Schwab US Dividend Equity ETF by 6.8% in the third quarter. Csenge Advisory Group now owns 83,595 shares of the company’s stock worth $2,719,000 after purchasing an additional 5,327 shares during the last quarter.

Schwab US Dividend Equity ETF Stock Up 0.5%

Shares of NYSEARCA:SCHD opened at $35.83 on Wednesday. The firm has a market cap of $121.92 billion, a P/E ratio of 19.09 and a beta of 0.66. The business has a fifty day simple moving average of $34.23 and a 200 day simple moving average of $32.56. Schwab US Dividend Equity ETF has a 12-month low of $26.60 and a 12-month high of $36.38.

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.