Cardinal Point Capital Management ULC Takes Position in Schwab US Dividend Equity ETF $SCHD

Cardinal Point Capital Management ULC acquired a new stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) during the 1st quarter, Holdings Channel.com reports. The fund acquired 20,652 shares of the company’s stock, valued at approximately $634,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Sumitomo Life Insurance Co. acquired a new stake in Schwab US Dividend Equity ETF during the 3rd quarter worth about $847,665,000. Wells Fargo & Company MN lifted its holdings in shares of Schwab US Dividend Equity ETF by 5.7% in the 4th quarter. Wells Fargo & Company MN now owns 10,203,553 shares of the company’s stock valued at $279,883,000 after buying an additional 552,907 shares during the period. Avantax Planning Partners Inc. lifted its holdings in shares of Schwab US Dividend Equity ETF by 3.8% in the 4th quarter. Avantax Planning Partners Inc. now owns 10,106,223 shares of the company’s stock valued at $277,214,000 after buying an additional 366,548 shares during the period. Cassaday & Co Wealth Management LLC boosted 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 buying an additional 3,170,728 shares during the last quarter. Finally, Royal Bank of Canada boosted its stake in shares of Schwab US Dividend Equity ETF by 4.0% in the fourth quarter. Royal Bank of Canada now owns 7,995,065 shares of the company’s stock worth $219,304,000 after buying an additional 304,047 shares during the last quarter.

Schwab US Dividend Equity ETF Stock Up 0.8%

Schwab US Dividend Equity ETF stock opened at $31.96 on Friday. The firm has a market cap of $90.72 billion, a price-to-earnings ratio of 14.57 and a beta of 0.67. Schwab US Dividend Equity ETF has a 52 week low of $26.21 and a 52 week high of $32.92. The business’s 50-day moving average price is $31.93 and its 200 day moving average price is $30.55.

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.