Schwab US Dividend Equity ETF $SCHD Shares Purchased by BCS Wealth Management

BCS Wealth Management lifted its holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 61.0% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 462,787 shares of the company’s stock after purchasing an additional 175,410 shares during the period. Schwab US Dividend Equity ETF makes up 1.3% of BCS Wealth Management’s holdings, making the stock its 16th biggest holding. BCS Wealth Management’s holdings in Schwab US Dividend Equity ETF were worth $12,694,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Rakuten Investment Management Inc. acquired a new position in shares of Schwab US Dividend Equity ETF in the third quarter valued at approximately $1,127,144,000. Sumitomo Life Insurance Co. acquired a new position in shares of Schwab US Dividend Equity ETF in the third quarter valued at approximately $847,665,000. Avantax Planning Partners Inc. grew its holdings in shares of Schwab US Dividend Equity ETF by 3.0% in the third quarter. Avantax Planning Partners Inc. now owns 9,739,675 shares of the company’s stock valued at $265,893,000 after purchasing an additional 280,277 shares in the last quarter. Cerity Partners LLC grew its holdings in shares of Schwab US Dividend Equity ETF by 18.0% in the third quarter. Cerity Partners LLC now owns 6,599,938 shares of the company’s stock valued at $180,178,000 after purchasing an additional 1,005,469 shares in the last quarter. Finally, Cassaday & Co Wealth Management LLC grew its holdings in shares of Schwab US Dividend Equity ETF by 2.5% in the third quarter. Cassaday & Co Wealth Management LLC now owns 6,073,520 shares of the company’s stock valued at $165,807,000 after purchasing an additional 150,965 shares in the last quarter.

Schwab US Dividend Equity ETF Stock Performance

Shares of SCHD stock opened at $30.71 on Wednesday. The stock has a market capitalization of $85.88 billion, a P/E ratio of 14.57 and a beta of 0.70. The company has a 50 day moving average price of $31.05 and a 200 day moving average price of $28.84. Schwab US Dividend Equity ETF has a fifty-two week low of $24.76 and a fifty-two week high of $31.95.

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.