Schwab US Dividend Equity ETF $SCHD Shares Newly Purchased by Wealth Management Resources Inc.

by · The Cerbat Gem

Wealth Management Resources Inc. bought a new stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD – Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 966,271 shares of the company’s stock, valued at approximately $31,433,000. Schwab US Dividend Equity ETF makes up approximately 9.7% of Wealth Management Resources Inc.’s investment portfolio, making the stock its 2nd largest holding.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Capital Wealth Advisors increased its holdings in Schwab US Dividend Equity ETF by 0.8% in the third quarter. Vanguard Capital Wealth Advisors now owns 38,880 shares of the company’s stock worth $1,265,000 after purchasing an additional 296 shares in the last quarter. Triumph Capital Management lifted its stake in Schwab US Dividend Equity ETF by 14.6% in the third quarter. Triumph Capital Management now owns 2,389 shares of the company’s stock valued at $78,000 after buying an additional 305 shares during the period. Gemmer Asset Management LLC lifted its stake in Schwab US Dividend Equity ETF by 1.5% in the second quarter. Gemmer Asset Management LLC now owns 21,618 shares of the company’s stock valued at $686,000 after buying an additional 317 shares during the period. MeadowBrook Investment Advisors LLC boosted its holdings in shares of Schwab US Dividend Equity ETF by 3.3% during the 1st quarter. MeadowBrook Investment Advisors LLC now owns 10,182 shares of the company’s stock worth $312,000 after buying an additional 325 shares in the last quarter. Finally, FC Advisory LLC boosted its holdings in shares of Schwab US Dividend Equity ETF by 1.8% during the 3rd quarter. FC Advisory LLC now owns 19,234 shares of the company’s stock worth $626,000 after buying an additional 336 shares in the last quarter.

Schwab US Dividend Equity ETF Stock Up 1.3%

Shares of SCHD stock opened at $34.69 on Wednesday. The company has a market cap of $116.04 billion, a price-to-earnings ratio of 14.57 and a beta of 0.68. Schwab US Dividend Equity ETF has a 52 week low of $26.32 and a 52 week high of $35.31. The firm has a 50 day moving average of $34.02 and a 200-day moving average of $32.82.

Schwab US Dividend Equity ETF Profile

(Free Report)

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.

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