Ironwood Wealth Management LLC. Buys 4,101 Shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Ironwood Wealth Management LLC. boosted its stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 25.0% in the first quarter, HoldingsChannel reports. The institutional investor owned 20,492 shares of the company’s stock after purchasing an additional 4,101 shares during the period. Ironwood Wealth Management LLC.’s holdings in Schwab US Dividend Equity ETF were worth $573,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Bank of America Corp DE lifted its holdings in Schwab US Dividend Equity ETF by 569.6% during the 4th quarter. Bank of America Corp DE now owns 49,630,784 shares of the company’s stock valued at $1,355,913,000 after buying an additional 42,218,696 shares in the last quarter. LPL Financial LLC lifted its holdings in Schwab US Dividend Equity ETF by 214.9% during the 4th quarter. LPL Financial LLC now owns 36,314,776 shares of the company’s stock valued at $992,120,000 after buying an additional 24,783,386 shares in the last quarter. Avantax Advisory Services Inc. lifted its holdings in Schwab US Dividend Equity ETF by 205.8% during the 4th quarter. Avantax Advisory Services Inc. now owns 26,003,626 shares of the company’s stock valued at $710,419,000 after buying an additional 17,501,170 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Schwab US Dividend Equity ETF during the 4th quarter valued at about $592,939,000. Finally, Envestnet Asset Management Inc. lifted its holdings in Schwab US Dividend Equity ETF by 208.5% during the 4th quarter. Envestnet Asset Management Inc. now owns 19,626,674 shares of the company’s stock valued at $536,201,000 after buying an additional 13,264,762 shares in the last quarter.

Schwab US Dividend Equity ETF Price Performance

Shares of SCHD opened at $26.95 on Wednesday. Schwab US Dividend Equity ETF has a 1-year low of $23.87 and a 1-year high of $29.72. The company has a 50-day moving average of $25.83 and a 200 day moving average of $27.23. The firm has a market capitalization of $70.07 billion, a price-to-earnings ratio of 15.93 and a beta of 0.82.

Schwab US Dividend Equity ETF 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.