HB Wealth Management LLC Grows Position in Schwab US Dividend Equity ETF $SCHD

HB Wealth Management LLC increased its position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 5.5% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,579,368 shares of the company’s stock after buying an additional 82,207 shares during the period. HB Wealth Management LLC’s holdings in Schwab US Dividend Equity ETF were worth $43,322,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Rakuten Investment Management Inc. purchased a new stake in shares of Schwab US Dividend Equity ETF during the 3rd quarter worth about $1,127,144,000. Sumitomo Life Insurance Co. purchased a new position in shares of Schwab US Dividend Equity ETF in the 3rd quarter valued at $847,665,000. Cibc World Market Inc. raised its stake in shares of Schwab US Dividend Equity ETF by 243.5% in the 3rd quarter. Cibc World Market Inc. now owns 5,328,615 shares of the company’s stock valued at $145,471,000 after acquiring an additional 3,777,339 shares during the period. Lido Advisors LLC purchased a new position in shares of Schwab US Dividend Equity ETF in the 3rd quarter valued at $32,308,000. Finally, Argent Capital Management LLC purchased a new position in shares of Schwab US Dividend Equity ETF in the 4th quarter valued at $29,815,000.

Schwab US Dividend Equity ETF Trading Up 0.1%

Shares of SCHD stock opened at $31.01 on Thursday. The company’s fifty day simple moving average is $31.00 and its 200-day simple moving average is $28.98. Schwab US Dividend Equity ETF has a 52 week low of $25.28 and a 52 week high of $31.95. The company has a market cap of $87.47 billion, a PE ratio of 14.57 and a beta of 0.70.

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.