Truist Financial Corp Purchases 73,456 Shares of Schwab US Dividend Equity ETF $SCHD

Truist Financial Corp grew its position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 2.0% during the 3rd quarter, HoldingsChannel reports. The fund owned 3,835,212 shares of the company’s stock after purchasing an additional 73,456 shares during the period. Truist Financial Corp’s holdings in Schwab US Dividend Equity ETF were worth $104,701,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Rakuten Investment Management Inc. bought a new stake in Schwab US Dividend Equity ETF in the third quarter worth about $1,127,144,000. Avantax Advisory Services Inc. grew its stake in shares of Schwab US Dividend Equity ETF by 2.9% during the second quarter. Avantax Advisory Services Inc. now owns 28,436,927 shares of the company’s stock valued at $753,579,000 after buying an additional 796,001 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of Schwab US Dividend Equity ETF by 6.0% in the second quarter. Envestnet Asset Management Inc. now owns 19,215,884 shares of the company’s stock worth $509,221,000 after buying an additional 1,083,206 shares during the period. Osaic Holdings Inc. raised its holdings in shares of Schwab US Dividend Equity ETF by 12.1% in the second quarter. Osaic Holdings Inc. now owns 11,264,610 shares of the company’s stock worth $298,684,000 after buying an additional 1,217,005 shares during the period. Finally, Avantax Planning Partners Inc. lifted its stake in shares of 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.

Schwab US Dividend Equity ETF Stock Down 0.2%

SCHD opened at $29.30 on Thursday. The business has a fifty day moving average of $27.96 and a 200 day moving average of $27.44. The stock has a market cap of $76.92 billion, a P/E ratio of 14.57 and a beta of 0.77. Schwab US Dividend Equity ETF has a 52-week low of $23.87 and a 52-week high of $29.49.

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.