Northcape Wealth Management LLC Purchases New Stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Northcape Wealth Management LLC purchased a new stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,600 shares of the company’s stock, valued at approximately $274,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC increased its stake in Schwab US Dividend Equity ETF by 7.3% during the fourth quarter. Brighton Jones LLC now owns 29,423 shares of the company’s stock valued at $2,240,000 after purchasing an additional 1,998 shares during the last quarter. Mission Wealth Management LP increased its stake in Schwab US Dividend Equity ETF by 123.7% during the fourth quarter. Mission Wealth Management LP now owns 7,596 shares of the company’s stock valued at $578,000 after purchasing an additional 4,200 shares during the last quarter. Firestone Capital Management increased its stake in Schwab US Dividend Equity ETF by 13.6% during the fourth quarter. Firestone Capital Management now owns 8,738 shares of the company’s stock valued at $665,000 after purchasing an additional 1,046 shares during the last quarter. Stonebridge Financial Planning Group LLC increased its stake in Schwab US Dividend Equity ETF by 8.6% during the fourth quarter. Stonebridge Financial Planning Group LLC now owns 29,146 shares of the company’s stock valued at $2,219,000 after purchasing an additional 2,312 shares during the last quarter. Finally, Islay Capital Management LLC increased its stake in Schwab US Dividend Equity ETF by 6.0% during the fourth quarter. Islay Capital Management LLC now owns 127,046 shares of the company’s stock valued at $9,672,000 after purchasing an additional 7,168 shares during the last quarter.

Schwab US Dividend Equity ETF Price Performance

SCHD stock opened at $76.99 on Wednesday. Schwab US Dividend Equity ETF has a 1-year low of $66.67 and a 1-year high of $80.82. The firm has a fifty day moving average price of $78.32 and a two-hundred day moving average price of $75.35. The firm has a market cap of $53.86 billion, a price-to-earnings ratio of 14.82 and a beta of 0.77.

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.