Cornerstone Wealth Group LLC boosted its holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD – Free Report) by 152.2% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 44,676 shares of the company’s stock after purchasing an additional 26,963 shares during the period. Cornerstone Wealth Group LLC’s holdings in Schwab US Dividend Equity ETF were worth $1,384,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors also recently modified their holdings of SCHD. Cassaday & Co Wealth Management LLC grew its stake in shares of Schwab US Dividend Equity ETF by 52.2% in the fourth quarter. Cassaday & Co Wealth Management LLC now owns 9,244,248 shares of the company’s stock worth $253,570,000 after acquiring an additional 3,170,728 shares during the last quarter. Cibc World Market Inc. raised its stake in Schwab US Dividend Equity ETF by 31.8% during 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. Keudell Morrison Wealth Management acquired a new position in Schwab US Dividend Equity ETF during the 4th quarter valued at $43,773,000. Evergreen Advisors LLC bought a new stake in Schwab US Dividend Equity ETF in the 4th quarter valued at $41,630,000. Finally, Lido Advisors LLC acquired a new stake in Schwab US Dividend Equity ETF in the 3rd quarter worth $32,308,000.
Schwab US Dividend Equity ETF Stock Performance
NYSEARCA:SCHD opened at $32.09 on Friday. The firm’s 50-day moving average is $31.96 and its 200-day moving average is $30.56. Schwab US Dividend Equity ETF has a 52-week low of $26.21 and a 52-week high of $32.92. The company has a market cap of $91.09 billion, a price-to-earnings ratio of 14.57 and a beta of 0.67.
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.
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