AE Wealth Management LLC Has $12.18 Million Position in Schwab US Dividend Equity ETF $SCHD

AE Wealth Management LLC increased its stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 40.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 444,170 shares of the company’s stock after purchasing an additional 128,220 shares during the quarter. AE Wealth Management LLC’s holdings in Schwab US Dividend Equity ETF were worth $12,184,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Rakuten Investment Management Inc. acquired a new position in Schwab US Dividend Equity ETF during the 3rd quarter worth $1,127,144,000. Sumitomo Life Insurance Co. acquired a new position in Schwab US Dividend Equity ETF during the 3rd quarter worth $847,665,000. Avantax Planning Partners Inc. lifted its position in Schwab US Dividend Equity ETF by 3.0% during the 3rd quarter. Avantax Planning Partners Inc. now owns 9,739,675 shares of the company’s stock worth $265,893,000 after acquiring an additional 280,277 shares during the last quarter. Cerity Partners LLC lifted its position in Schwab US Dividend Equity ETF by 18.0% during the 3rd quarter. Cerity Partners LLC now owns 6,599,938 shares of the company’s stock worth $180,178,000 after acquiring an additional 1,005,469 shares during the last quarter. Finally, Cassaday & Co Wealth Management LLC lifted its position in Schwab US Dividend Equity ETF by 2.5% during the 3rd quarter. Cassaday & Co Wealth Management LLC now owns 6,073,520 shares of the company’s stock worth $165,807,000 after acquiring an additional 150,965 shares during the last quarter.

Schwab US Dividend Equity ETF Price Performance

Schwab US Dividend Equity ETF stock opened at $31.05 on Friday. The firm has a market cap of $87.22 billion, a price-to-earnings ratio of 14.57 and a beta of 0.70. Schwab US Dividend Equity ETF has a fifty-two week low of $24.76 and a fifty-two week high of $31.95. The firm has a fifty day moving average price of $31.03 and a two-hundred day moving average price of $28.90.

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.