Schwab US Dividend Equity ETF $SCHD Shares Purchased by Western Wealth Management LLC

Western Wealth Management LLC boosted its holdings in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 55.1% during the 1st quarter, HoldingsChannel reports. The firm owned 201,072 shares of the company’s stock after purchasing an additional 71,437 shares during the period. Western Wealth Management LLC’s holdings in Schwab US Dividend Equity ETF were worth $6,169,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Wells Fargo & Company MN increased its position in Schwab US Dividend Equity ETF by 5.7% in the 4th quarter. Wells Fargo & Company MN now owns 10,203,553 shares of the company’s stock valued at $279,883,000 after acquiring an additional 552,907 shares during the period. Avantax Planning Partners Inc. raised 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 valued at $277,214,000 after acquiring an additional 366,548 shares during the last quarter. Cassaday & Co Wealth Management LLC lifted its position in Schwab US Dividend Equity ETF by 3.5% during the 1st quarter. Cassaday & Co Wealth Management LLC now owns 9,569,026 shares of the company’s stock worth $293,578,000 after acquiring an additional 324,778 shares during the period. Royal Bank of Canada lifted its position in Schwab US Dividend Equity ETF by 8.3% during the 1st quarter. Royal Bank of Canada now owns 8,655,941 shares of the company’s stock worth $265,563,000 after acquiring an additional 660,876 shares during the period. Finally, Cibc World Market Inc. grew its stake in shares of Schwab US Dividend Equity ETF by 31.8% in the 4th quarter. Cibc World Market Inc. now owns 7,022,759 shares of the company’s stock valued at $192,634,000 after purchasing an additional 1,694,144 shares during the last quarter.

Schwab US Dividend Equity ETF Trading Down 1.2%

NYSEARCA:SCHD opened at $33.41 on Friday. The firm has a market cap of $103.19 billion, a P/E ratio of 14.57 and a beta of 0.68. The stock’s 50 day simple moving average is $32.50 and its 200-day simple moving average is $31.42. Schwab US Dividend Equity ETF has a 12-month low of $26.21 and a 12-month high of $34.24.

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.