Texas Capital Bank Wealth Management Services Inc Takes Position in Schwab US Dividend Equity ETF $SCHD

Texas Capital Bank Wealth Management Services Inc purchased a new stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 89,992 shares of the company’s stock, valued at approximately $2,468,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Sumitomo Life Insurance Co. purchased a new stake in Schwab US Dividend Equity ETF during the 3rd quarter worth approximately $847,665,000. Avantax Planning Partners Inc. boosted its stake in Schwab US Dividend Equity ETF by 3.8% during the 4th quarter. Avantax Planning Partners Inc. now owns 10,106,223 shares of the company’s stock worth $277,214,000 after purchasing an additional 366,548 shares during the period. Cassaday & Co Wealth Management LLC boosted its stake in Schwab US Dividend Equity ETF by 52.2% during the 4th quarter. Cassaday & Co Wealth Management LLC now owns 9,244,248 shares of the company’s stock worth $253,570,000 after purchasing an additional 3,170,728 shares during the period. MML Investors Services LLC boosted its stake in Schwab US Dividend Equity ETF by 3.2% during the 2nd quarter. MML Investors Services LLC now owns 6,058,642 shares of the company’s stock worth $160,554,000 after purchasing an additional 185,649 shares during the period. Finally, HighTower Advisors LLC boosted its stake in Schwab US Dividend Equity ETF by 0.6% during the 3rd quarter. HighTower Advisors LLC now owns 5,684,538 shares of the company’s stock worth $155,188,000 after purchasing an additional 33,472 shares during the period.

Schwab US Dividend Equity ETF Price Performance

Shares of NYSEARCA:SCHD opened at $32.55 on Thursday. The stock has a market cap of $92.40 billion, a P/E ratio of 14.57 and a beta of 0.68. The firm has a fifty day moving average price of $31.24 and a 200 day moving average price of $29.81. Schwab US Dividend Equity ETF has a 1-year low of $25.89 and a 1-year high of $32.91.

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.