Schwab US Dividend Equity ETF $SCHD Stock Acquired by Dominguez Wealth Management Solutions Inc.

Dominguez Wealth Management Solutions Inc. raised its stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 434.1% during the third quarter, Holdings Channel.com reports. The institutional investor owned 209,188 shares of the company’s stock after purchasing an additional 170,021 shares during the quarter. Schwab US Dividend Equity ETF accounts for about 3.7% of Dominguez Wealth Management Solutions Inc.’s portfolio, making the stock its 6th largest position. Dominguez Wealth Management Solutions Inc.’s holdings in Schwab US Dividend Equity ETF were worth $6,805,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Envestnet Asset Management Inc. lifted its holdings in shares of Schwab US Dividend Equity ETF by 2.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 17,667,059 shares of the company’s stock worth $560,222,000 after acquiring an additional 354,983 shares during the last quarter. Cassaday & Co Wealth Management LLC increased its stake in Schwab US Dividend Equity ETF by 3.5% in the first quarter. Cassaday & Co Wealth Management LLC now owns 9,569,026 shares of the company’s stock valued at $293,578,000 after acquiring an additional 324,778 shares during the last quarter. Royal Bank of Canada increased its stake in Schwab US Dividend Equity ETF by 8.3% in the first quarter. Royal Bank of Canada now owns 8,655,941 shares of the company’s stock valued at $265,563,000 after acquiring an additional 660,876 shares during the last quarter. MML Investors Services LLC raised its position in Schwab US Dividend Equity ETF by 5.8% during the fourth quarter. MML Investors Services LLC now owns 6,298,234 shares of the company’s stock valued at $172,761,000 after purchasing an additional 345,987 shares in the last quarter. Finally, HHM Wealth Advisors LLC raised its position in Schwab US Dividend Equity ETF by 2.8% during the first quarter. HHM Wealth Advisors LLC now owns 5,156,506 shares of the company’s stock valued at $158,202,000 after purchasing an additional 138,225 shares in the last quarter.

Schwab US Dividend Equity ETF Price Performance

SCHD stock traded down $0.20 during mid-day trading on Wednesday, hitting $32.65. 21,483,346 shares of the stock were exchanged, compared to its average volume of 22,450,131. The business has a fifty day moving average price of $34.05 and a 200 day moving average price of $32.60. Schwab US Dividend Equity ETF has a 12 month low of $26.32 and a 12 month high of $35.31. The stock has a market capitalization of $108.56 billion, a price-to-earnings ratio of 14.57 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.