SVB Wealth LLC Makes New $3.99 Million Investment in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

SVB Wealth LLC acquired a new position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 145,956 shares of the company’s stock, valued at approximately $3,988,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. First Trust Direct Indexing L.P. increased its stake in shares of Schwab US Dividend Equity ETF by 21.0% during the third quarter. First Trust Direct Indexing L.P. now owns 10,073 shares of the company’s stock valued at $851,000 after purchasing an additional 1,745 shares in the last quarter. JFS Wealth Advisors LLC increased its stake in shares of Schwab US Dividend Equity ETF by 61.1% during the third quarter. JFS Wealth Advisors LLC now owns 1,548 shares of the company’s stock valued at $131,000 after purchasing an additional 587 shares in the last quarter. Gladstone Institutional Advisory LLC increased its stake in shares of Schwab US Dividend Equity ETF by 29.9% during the third quarter. Gladstone Institutional Advisory LLC now owns 39,099 shares of the company’s stock valued at $3,305,000 after purchasing an additional 8,998 shares in the last quarter. Keystone Financial Planning Inc. increased its stake in shares of Schwab US Dividend Equity ETF by 5.4% during the third quarter. Keystone Financial Planning Inc. now owns 1,858,898 shares of the company’s stock valued at $157,133,000 after purchasing an additional 94,765 shares in the last quarter. Finally, Atlas Financial Advisors Inc. increased its stake in shares of Schwab US Dividend Equity ETF by 24.7% during the third quarter. Atlas Financial Advisors Inc. now owns 5,451 shares of the company’s stock valued at $461,000 after purchasing an additional 1,080 shares in the last quarter.

Schwab US Dividend Equity ETF Stock Performance

Shares of NYSEARCA SCHD opened at $28.54 on Friday. The company has a market capitalization of $69.92 billion, a price-to-earnings ratio of 17.48 and a beta of 0.88. The company has a 50 day simple moving average of $27.78 and a two-hundred day simple moving average of $28.10. Schwab US Dividend Equity ETF has a fifty-two week low of $25.18 and a fifty-two week high of $29.72.

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.