172,506 Shares of Schwab US Dividend Equity ETF $SCHD Bought by Sowell Financial Services LLC

Sowell Financial Services LLC purchased a new position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 172,506 shares of the company’s stock, valued at approximately $5,612,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Robbins Farley grew its position in Schwab US Dividend Equity ETF by 30.7% in the third quarter. Robbins Farley now owns 447,731 shares of the company’s stock valued at $14,565,000 after acquiring an additional 105,121 shares in the last quarter. Eagle Harbor Asset Management Inc. ADV purchased a new position in shares of Schwab US Dividend Equity ETF in the third quarter valued at $1,520,000. Innova Wealth Partners boosted its stake in shares of Schwab US Dividend Equity ETF by 65.2% in the third quarter. Innova Wealth Partners now owns 29,564 shares of the company’s stock valued at $962,000 after purchasing an additional 11,666 shares during the period. Newman Dignan & Sheerar Inc. purchased a new position in shares of Schwab US Dividend Equity ETF in the third quarter valued at $28,767,000. Finally, Wealth Management Resources Inc. acquired a new stake in Schwab US Dividend Equity ETF during the 3rd quarter valued at $31,433,000.

Schwab US Dividend Equity ETF Price Performance

Schwab US Dividend Equity ETF stock opened at $34.69 on Wednesday. The firm’s fifty day moving average price is $34.02 and its 200 day moving average price is $32.82. The company has a market capitalization of $116.04 billion, a price-to-earnings ratio of 14.57 and a beta of 0.68. Schwab US Dividend Equity ETF has a 12-month low of $26.32 and a 12-month high of $35.31.

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.