Commonwealth Equity Services LLC Buys New Stake in Schwab US Dividend Equity ETF $SCHD

Commonwealth Equity Services LLC bought a new position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) in the third quarter, Holdings Channel reports. The firm bought 10,375,341 shares of the company’s stock, valued at approximately $337,510,000.

A number of other institutional investors also recently modified their holdings of the company. Rakuten Investment Management Inc. boosted its holdings in shares of Schwab US Dividend Equity ETF by 7.5% during the 3rd quarter. Rakuten Investment Management Inc. now owns 50,684,634 shares of the company’s stock worth $1,664,990,000 after buying an additional 3,545,800 shares during the period. D.A. Davidson & CO. bought a new position in Schwab US Dividend Equity ETF in the 3rd quarter worth $79,998,000. Mirae Asset Global Investments Co. Ltd. bought a new position in Schwab US Dividend Equity ETF in the 3rd quarter worth $71,569,000. Brookstone Capital Management bought a new position in Schwab US Dividend Equity ETF in the 3rd quarter worth $71,011,000. Finally, Summit Financial Wealth Advisors LLC bought a new position in Schwab US Dividend Equity ETF in the 3rd quarter worth $63,803,000.

Schwab US Dividend Equity ETF Price Performance

Schwab US Dividend Equity ETF stock opened at $35.42 on Friday. Schwab US Dividend Equity ETF has a fifty-two week low of $26.46 and a fifty-two week high of $36.38. The firm has a fifty day moving average price of $34.19 and a two-hundred day moving average price of $32.46. The firm has a market cap of $120.43 billion, a price-to-earnings ratio of 19.09 and a beta of 0.68.

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.