57,936 Shares in Schwab US Dividend Equity ETF $SCHD Acquired by BIP Wealth LLC

BIP Wealth LLC purchased a new position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 57,936 shares of the company’s stock, valued at approximately $1,589,000.

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

Schwab US Dividend Equity ETF Price Performance

SCHD opened at $30.86 on Thursday. The stock has a market cap of $85.45 billion, a P/E ratio of 14.57 and a beta of 0.74. The stock’s 50 day simple moving average is $30.98 and its 200 day simple moving average is $28.73. Schwab US Dividend Equity ETF has a 1-year low of $23.87 and a 1-year 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.