Schwab US Dividend Equity ETF $SCHD Shares Purchased by Russell Investments Group Ltd.

Russell Investments Group Ltd. raised its holdings in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 46.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,274 shares of the company’s stock after buying an additional 10,542 shares during the period. Russell Investments Group Ltd.’s holdings in Schwab US Dividend Equity ETF were worth $930,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Gateway Wealth Partners LLC lifted its position in Schwab US Dividend Equity ETF by 3.2% during the first quarter. Gateway Wealth Partners LLC now owns 12,883 shares of the company’s stock valued at $360,000 after buying an additional 400 shares in the last quarter. Clear Point Advisors Inc. lifted its position in Schwab US Dividend Equity ETF by 1.4% during the first quarter. Clear Point Advisors Inc. now owns 30,008 shares of the company’s stock valued at $839,000 after buying an additional 404 shares in the last quarter. Valicenti Advisory Services Inc. lifted its position in Schwab US Dividend Equity ETF by 1.5% during the first quarter. Valicenti Advisory Services Inc. now owns 28,119 shares of the company’s stock valued at $786,000 after buying an additional 416 shares in the last quarter. Federated Hermes Inc. lifted its position in Schwab US Dividend Equity ETF by 1.9% during the first quarter. Federated Hermes Inc. now owns 23,269 shares of the company’s stock valued at $651,000 after buying an additional 424 shares in the last quarter. Finally, May Barnhard Investments LLC lifted its position in Schwab US Dividend Equity ETF by 1.6% during the first quarter. May Barnhard Investments LLC now owns 28,324 shares of the company’s stock valued at $792,000 after buying an additional 447 shares in the last quarter.

Schwab US Dividend Equity ETF Trading Up 0.4%

NYSEARCA SCHD opened at $27.92 on Friday. The company’s fifty day simple moving average is $27.13 and its 200-day simple moving average is $26.87. Schwab US Dividend Equity ETF has a 52 week low of $23.87 and a 52 week high of $29.72. The stock has a market cap of $72.82 billion, a P/E ratio of 14.57 and a beta of 0.88.

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.