Dickmeyer Boyce Financial Management Inc. Makes New $6.96 Million Investment in Schwab US Dividend Equity ETF $SCHD

Dickmeyer Boyce Financial Management Inc. purchased a new position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 226,769 shares of the company’s stock, valued at approximately $6,957,000. Schwab US Dividend Equity ETF accounts for about 4.1% of Dickmeyer Boyce Financial Management Inc.’s investment portfolio, making the stock its 3rd biggest holding.

Several other institutional investors and hedge funds have also modified their holdings of SCHD. Wells Fargo & Company MN raised its holdings in Schwab US Dividend Equity ETF by 5.7% during the fourth quarter. Wells Fargo & Company MN now owns 10,203,553 shares of the company’s stock worth $279,883,000 after acquiring an additional 552,907 shares in the last quarter. Avantax Planning Partners Inc. increased its position in shares of 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 worth $277,214,000 after purchasing an additional 366,548 shares during the last quarter. Cassaday & Co Wealth Management LLC increased its position in shares of 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 purchasing an additional 324,778 shares during the last quarter. Royal Bank of Canada raised its stake in shares of Schwab US Dividend Equity ETF by 4.0% during the 4th quarter. Royal Bank of Canada now owns 7,995,065 shares of the company’s stock worth $219,304,000 after purchasing an additional 304,047 shares in the last quarter. Finally, Cibc World Market Inc. raised its stake in shares of 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 worth $192,634,000 after purchasing an additional 1,694,144 shares in the last quarter.

Schwab US Dividend Equity ETF Trading Down 0.3%

NYSEARCA:SCHD opened at $32.80 on Friday. Schwab US Dividend Equity ETF has a 1-year low of $26.21 and a 1-year high of $33.50. The firm has a fifty day simple moving average of $32.34 and a 200 day simple moving average of $31.23. The stock has a market capitalization of $100.55 billion, a PE ratio of 14.57 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.