Schwab US Dividend Equity ETF (NYSEARCA:SCHD) Shares Bought by Institute for Wealth Management LLC.

Institute for Wealth Management LLC. grew its position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 219.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 32,286 shares of the company’s stock after acquiring an additional 22,167 shares during the period. Institute for Wealth Management LLC.’s holdings in Schwab US Dividend Equity ETF were worth $882,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Kennebec Savings Bank acquired a new position in shares of Schwab US Dividend Equity ETF in the third quarter worth about $31,000. Legacy Investment Solutions LLC acquired a new position in shares of Schwab US Dividend Equity ETF in the third quarter worth about $34,000. Barrett & Company Inc. acquired a new position in shares of Schwab US Dividend Equity ETF in the third quarter worth about $34,000. Cassady Schiller Wealth Management LLC acquired a new position in shares of Schwab US Dividend Equity ETF in the third quarter worth about $38,000. Finally, Quent Capital LLC raised its position in shares of Schwab US Dividend Equity ETF by 86.6% in the third quarter. Quent Capital LLC now owns 517 shares of the company’s stock worth $44,000 after acquiring an additional 240 shares during the period.

Schwab US Dividend Equity ETF Stock Performance

Shares of Schwab US Dividend Equity ETF stock opened at $27.83 on Friday. Schwab US Dividend Equity ETF has a fifty-two week low of $25.16 and a fifty-two week high of $29.72. The firm has a 50-day simple moving average of $28.05 and a two-hundred day simple moving average of $27.94. The company has a market cap of $19.52 billion, a P/E ratio of 15.04 and a beta of 0.74.

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.