Cassaday & Co Wealth Management LLC Raises Holdings in Schwab US Dividend Equity ETF $SCHD

Cassaday & Co Wealth Management LLC boosted its stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 3.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,569,026 shares of the company’s stock after acquiring an additional 324,778 shares during the period. Schwab US Dividend Equity ETF accounts for approximately 6.3% of Cassaday & Co Wealth Management LLC’s holdings, making the stock its 3rd biggest holding. Cassaday & Co Wealth Management LLC owned 0.34% of Schwab US Dividend Equity ETF worth $293,578,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Wells Fargo & Company MN increased its position in shares of Schwab US Dividend Equity ETF by 5.7% during the fourth quarter. Wells Fargo & Company MN now owns 10,203,553 shares of the company’s stock valued at $279,883,000 after buying an additional 552,907 shares during the period. Avantax Planning Partners Inc. lifted its holdings in Schwab US Dividend Equity ETF by 3.8% in the fourth quarter. Avantax Planning Partners Inc. now owns 10,106,223 shares of the company’s stock worth $277,214,000 after buying an additional 366,548 shares during the period. Royal Bank of Canada boosted its position in Schwab US Dividend Equity ETF by 4.0% during the 4th quarter. Royal Bank of Canada now owns 7,995,065 shares of the company’s stock valued at $219,304,000 after acquiring an additional 304,047 shares in the last quarter. Cibc World Market Inc. grew its holdings in shares of Schwab US Dividend Equity ETF by 31.8% during the 4th quarter. Cibc World Market Inc. now owns 7,022,759 shares of the company’s stock worth $192,634,000 after acquiring an additional 1,694,144 shares during the period. Finally, MML Investors Services LLC grew its holdings in shares of Schwab US Dividend Equity ETF by 5.8% during the 4th quarter. MML Investors Services LLC now owns 6,298,234 shares of the company’s stock worth $172,761,000 after acquiring an additional 345,987 shares during the period.

Schwab US Dividend Equity ETF Stock Down 0.5%

NYSEARCA SCHD opened at $32.75 on Tuesday. The firm has a market capitalization of $100.06 billion, a PE ratio of 14.57 and a beta of 0.68. The stock’s 50 day moving average is $32.28 and its 200 day moving average is $31.12. Schwab US Dividend Equity ETF has a twelve month low of $26.21 and a twelve month high of $33.50.

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.