Sanders Morris Harris LLC Buys New Stake in Schwab US Dividend Equity ETF $SCHD

Sanders Morris Harris LLC bought a new stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 175,751 shares of the company’s stock, valued at approximately $5,837,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Lodestone Wealth Management LLC raised its holdings in shares of Schwab US Dividend Equity ETF by 10.9% during the third quarter. Lodestone Wealth Management LLC now owns 16,280 shares of the company’s stock valued at $530,000 after purchasing an additional 1,603 shares during the last quarter. Seelaus Asset Management LLC increased its position in shares of Schwab US Dividend Equity ETF by 5.3% during the 3rd quarter. Seelaus Asset Management LLC now owns 14,162 shares of the company’s stock valued at $461,000 after purchasing an additional 713 shares during the last quarter. Focus Financial Network Inc. boosted its stake in shares of Schwab US Dividend Equity ETF by 2.0% during the 3rd quarter. Focus Financial Network Inc. now owns 1,855,405 shares of the company’s stock worth $60,356,000 after acquiring an additional 37,116 shares during the last quarter. Enclave Advisors LLC increased its stake in shares of Schwab US Dividend Equity ETF by 3.1% in the 3rd quarter. Enclave Advisors LLC now owns 58,443 shares of the company’s stock worth $1,901,000 after purchasing an additional 1,731 shares in the last quarter. Finally, My Personal CFO LLC increased its position in Schwab US Dividend Equity ETF by 57.8% in the third quarter. My Personal CFO LLC now owns 107,135 shares of the company’s stock worth $3,485,000 after buying an additional 39,245 shares in the last quarter.

Schwab US Dividend Equity ETF Price Performance

Shares of SCHD stock traded up $0.34 during trading hours on Wednesday, reaching $33.71. 25,568,474 shares of the company traded hands, compared to its average volume of 22,419,781. Schwab US Dividend Equity ETF has a 12-month low of $26.32 and a 12-month high of $35.31. The company has a market cap of $112.62 billion, a P/E ratio of 14.57 and a beta of 0.68. The firm has a 50-day moving average price of $34.00 and a 200 day moving average price of $32.69.

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.