GRIMES & Co WEALTH MANAGEMENT LLC Purchases New Position in Schwab US Dividend Equity ETF $SCHD

GRIMES & Co WEALTH MANAGEMENT LLC acquired a new position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 33,606 shares of the company’s stock, valued at approximately $1,093,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in SCHD. Envestnet Asset Management Inc. increased its holdings in shares of Schwab US Dividend Equity ETF by 2.1% during the second quarter. Envestnet Asset Management Inc. now owns 17,667,059 shares of the company’s stock worth $560,222,000 after buying an additional 354,983 shares in the last quarter. Cassaday & Co Wealth Management LLC lifted its stake in shares of Schwab US Dividend Equity ETF by 3.5% in the 1st quarter. Cassaday & Co Wealth Management LLC now owns 9,569,026 shares of the company’s stock valued at $293,578,000 after acquiring an additional 324,778 shares during the last quarter. Royal Bank of Canada boosted its holdings in shares of 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 valued at $265,563,000 after acquiring an additional 660,876 shares in the last quarter. Keystone Financial Planning Inc. grew 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 worth $204,273,000 after acquiring an additional 29,169 shares during the last quarter. Finally, Kestra Advisory Services LLC grew its position in Schwab US Dividend Equity ETF by 3.7% during the 1st quarter. Kestra Advisory Services LLC now owns 3,523,127 shares of the company’s stock worth $108,090,000 after acquiring an additional 126,902 shares during the last quarter.

Schwab US Dividend Equity ETF Stock Up 1.9%

Shares of SCHD opened at $36.21 on Thursday. Schwab US Dividend Equity ETF has a 12-month low of $26.41 and a 12-month high of $36.21. The business has a 50-day simple moving average of $34.18 and a two-hundred day simple moving average of $32.43. The stock has a market cap of $123.11 billion, a PE ratio of 19.09 and a beta of 0.68.

About Schwab US Dividend Equity ETF

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.