WealthPLAN Partners LLC Makes New $6.47 Million Investment in Schwab US Dividend Equity ETF $SCHD

WealthPLAN Partners LLC acquired a new stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 198,867 shares of the company’s stock, valued at approximately $6,469,000. Schwab US Dividend Equity ETF makes up 1.2% of WealthPLAN Partners LLC’s investment portfolio, making the stock its 20th biggest position.

Several other institutional investors have also bought and sold shares of the stock. Dominguez Wealth Management Solutions Inc. raised its holdings in Schwab US Dividend Equity ETF by 434.1% during the third quarter. Dominguez Wealth Management Solutions Inc. now owns 209,188 shares of the company’s stock worth $6,805,000 after purchasing an additional 170,021 shares in the last quarter. Cahill Financial Advisors Inc. boosted its stake in Schwab US Dividend Equity ETF by 6.2% during the 2nd quarter. Cahill Financial Advisors Inc. now owns 379,548 shares of the company’s stock valued at $12,035,000 after purchasing an additional 22,218 shares in the last quarter. Bangor Savings Bank acquired a new position in shares of Schwab US Dividend Equity ETF during the 3rd quarter valued at $2,480,000. HB Wealth Management LLC increased its position in shares of Schwab US Dividend Equity ETF by 8.4% during the 2nd quarter. HB Wealth Management LLC now owns 1,780,558 shares of the company’s stock valued at $56,462,000 after purchasing an additional 137,402 shares during the period. Finally, Rockefeller Capital Management L.P. increased its position in shares of Schwab US Dividend Equity ETF by 18.8% during the 4th quarter. Rockefeller Capital Management L.P. now owns 523,834 shares of the company’s stock valued at $14,369,000 after purchasing an additional 82,981 shares during the period.

Schwab US Dividend Equity ETF Price Performance

Shares of SCHD traded up $0.47 during midday trading on Thursday, reaching $34.19. The stock had a trading volume of 18,779,082 shares, compared to its average volume of 22,395,799. Schwab US Dividend Equity ETF has a 52 week low of $26.32 and a 52 week high of $35.31. The firm’s 50 day moving average price is $34.00 and its 200-day moving average price is $32.71. The company has a market capitalization of $114.21 billion, a P/E 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.