Elmwood Wealth Management Inc. Takes Position in Schwab US Dividend Equity ETF $SCHD

Elmwood Wealth Management Inc. purchased a new position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 36,548 shares of the company’s stock, valued at approximately $1,003,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Biltmore Family Office LLC boosted its stake in Schwab US Dividend Equity ETF by 116.4% in the third quarter. Biltmore Family Office LLC now owns 974 shares of the company’s stock valued at $27,000 after acquiring an additional 524 shares during the last quarter. Triumph Capital Management bought a new stake in shares of Schwab US Dividend Equity ETF during the 3rd quarter valued at $33,000. KERR FINANCIAL PLANNING Corp bought a new stake in shares of Schwab US Dividend Equity ETF during the 3rd quarter valued at $35,000. Reyes Financial Architecture Inc. lifted its stake in shares of Schwab US Dividend Equity ETF by 1,903.1% in the 3rd quarter. Reyes Financial Architecture Inc. now owns 1,302 shares of the company’s stock valued at $36,000 after purchasing an additional 1,237 shares during the period. Finally, Turning Point Benefit Group Inc. acquired a new position in shares of Schwab US Dividend Equity ETF in the 3rd quarter valued at $36,000.

Schwab US Dividend Equity ETF Stock Down 0.7%

NYSEARCA:SCHD opened at $30.39 on Monday. Schwab US Dividend Equity ETF has a 12-month low of $23.87 and a 12-month high of $31.95. The stock’s fifty day simple moving average is $30.57 and its 200-day simple moving average is $28.45. The firm has a market capitalization of $79.93 billion, a P/E ratio of 14.57 and a beta of 0.77.

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.