GM Advisory Group LLC Raises Position in Schwab US Dividend Equity ETF $SCHD

GM Advisory Group LLC grew its holdings in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 18.4% in the first quarter, HoldingsChannel reports. The fund owned 167,364 shares of the company’s stock after purchasing an additional 26,058 shares during the quarter. GM Advisory Group LLC’s holdings in Schwab US Dividend Equity ETF were worth $5,135,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Wells Fargo & Company MN raised its holdings in Schwab US Dividend Equity ETF by 5.7% in the 4th quarter. Wells Fargo & Company MN now owns 10,203,553 shares of the company’s stock worth $279,883,000 after purchasing an additional 552,907 shares during the period. Avantax Planning Partners Inc. grew its holdings in Schwab US Dividend Equity ETF by 3.8% during the fourth quarter. Avantax Planning Partners Inc. now owns 10,106,223 shares of the company’s stock valued at $277,214,000 after purchasing an additional 366,548 shares during the period. Cassaday & Co Wealth Management LLC increased its position in Schwab US Dividend Equity ETF by 52.2% in the fourth quarter. Cassaday & Co Wealth Management LLC now owns 9,244,248 shares of the company’s stock worth $253,570,000 after buying an additional 3,170,728 shares in the last quarter. Royal Bank of Canada increased its position in Schwab US Dividend Equity ETF by 4.0% in the fourth quarter. Royal Bank of Canada now owns 7,995,065 shares of the company’s stock worth $219,304,000 after buying an additional 304,047 shares in the last quarter. Finally, Cibc World Market Inc. raised its stake in shares of Schwab US Dividend Equity ETF by 31.8% in the fourth quarter. Cibc World Market Inc. now owns 7,022,759 shares of the company’s stock worth $192,634,000 after buying an additional 1,694,144 shares during the period.

Schwab US Dividend Equity ETF Price Performance

SCHD stock opened at $32.39 on Friday. Schwab US Dividend Equity ETF has a twelve month low of $26.21 and a twelve month high of $32.92. The stock has a market cap of $97.86 billion, a P/E ratio of 14.57 and a beta of 0.68. The business’s 50-day moving average price is $32.06 and its 200-day moving average price is $30.72.

Schwab US Dividend Equity ETF Company 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.