REDW Wealth LLC Makes New Investment in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

REDW Wealth LLC purchased a new stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) during the fourth quarter, Holdings Channel reports. The institutional investor purchased 48,503 shares of the company’s stock, valued at approximately $1,325,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. CWA Asset Management Group LLC purchased a new stake in shares of Schwab US Dividend Equity ETF in the 3rd quarter valued at approximately $1,238,000. Atria Investments Inc increased its holdings in Schwab US Dividend Equity ETF by 5.9% in the third quarter. Atria Investments Inc now owns 136,960 shares of the company’s stock valued at $11,577,000 after buying an additional 7,599 shares during the last quarter. GSG Advisors LLC increased its holdings in Schwab US Dividend Equity ETF by 3.3% in the third quarter. GSG Advisors LLC now owns 152,394 shares of the company’s stock valued at $12,874,000 after buying an additional 4,920 shares during the last quarter. XML Financial LLC raised its stake in Schwab US Dividend Equity ETF by 3.7% in the third quarter. XML Financial LLC now owns 121,619 shares of the company’s stock valued at $10,280,000 after buying an additional 4,300 shares in the last quarter. Finally, Mesirow Financial Investment Management Inc. lifted its holdings in Schwab US Dividend Equity ETF by 5.0% during the 3rd quarter. Mesirow Financial Investment Management Inc. now owns 138,112 shares of the company’s stock worth $11,674,000 after buying an additional 6,587 shares during the last quarter.

Schwab US Dividend Equity ETF Stock Performance

NYSEARCA:SCHD opened at $28.46 on Monday. Schwab US Dividend Equity ETF has a 1 year low of $25.18 and a 1 year high of $29.72. The stock has a market cap of $69.73 billion, a P/E ratio of 17.56 and a beta of 0.88. The stock has a 50-day simple moving average of $27.85 and a 200-day simple moving average of $28.13.

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.