Triangle Securities Wealth Management Purchases New Stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Triangle Securities Wealth Management purchased a new stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 15,397 shares of the company’s stock, valued at approximately $421,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SCHD. Kennebec Savings Bank purchased a new position in Schwab US Dividend Equity ETF during the 3rd quarter valued at $31,000. Legacy Investment Solutions LLC purchased a new position in Schwab US Dividend Equity ETF during the 3rd quarter valued at $34,000. Barrett & Company Inc. purchased a new position in Schwab US Dividend Equity ETF during the 3rd quarter valued at $34,000. Cassady Schiller Wealth Management LLC purchased a new position in Schwab US Dividend Equity ETF during the 3rd quarter valued at $38,000. Finally, Quent Capital LLC grew its position in shares of Schwab US Dividend Equity ETF by 86.6% in the 3rd quarter. Quent Capital LLC now owns 517 shares of the company’s stock worth $44,000 after buying an additional 240 shares during the period.

Schwab US Dividend Equity ETF Price Performance

NYSEARCA:SCHD opened at $27.99 on Monday. The firm’s 50-day moving average price is $28.19 and its 200-day moving average price is $27.84. The company has a market capitalization of $19.63 billion, a PE ratio of 15.04 and a beta of 0.74. Schwab US Dividend Equity ETF has a 1-year low of $25.03 and a 1-year high of $29.72.

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.