Evanson Financial LLC Makes New $2.35 Million Investment in Schwab US Dividend Equity ETF $SCHD

Evanson Financial LLC bought a new stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 74,231 shares of the company’s stock, valued at approximately $2,354,000.

A number of other institutional investors and hedge funds have also made changes to their positions in SCHD. Cassaday & Co Wealth Management LLC boosted its position in Schwab US Dividend Equity ETF by 52.2% during the fourth quarter. Cassaday & Co Wealth Management LLC now owns 9,244,248 shares of the company’s stock valued at $253,570,000 after purchasing an additional 3,170,728 shares in the last quarter. Paradiem LLC purchased a new stake in shares of Schwab US Dividend Equity ETF during the first quarter valued at about $56,258,000. Cibc World Market Inc. boosted its holdings in shares of Schwab US Dividend Equity ETF by 31.8% in the 4th quarter. Cibc World Market Inc. now owns 7,022,759 shares of the company’s stock valued at $192,634,000 after buying an additional 1,694,144 shares in the last quarter. Keudell Morrison Wealth Management bought a new stake in shares of Schwab US Dividend Equity ETF in the 4th quarter valued at about $43,773,000. Finally, Baer Investment Advisory LLC purchased a new position in shares of Schwab US Dividend Equity ETF in the 1st quarter worth approximately $46,847,000.

Schwab US Dividend Equity ETF Stock Up 0.2%

NYSEARCA SCHD opened at $33.70 on Friday. The firm has a market cap of $104.70 billion, a PE ratio of 14.57 and a beta of 0.67. The company has a 50 day moving average price of $32.59 and a 200 day moving average price of $31.59. Schwab US Dividend Equity ETF has a 52 week low of $26.32 and a 52 week high of $34.24.

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.