C M Bidwell & Associates Ltd. Makes New Investment in Schwab US Dividend Equity ETF $SCHD

C M Bidwell & Associates Ltd. acquired a new position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) during the second quarter, Holdings Channel.com reports. The institutional investor acquired 35,759 shares of the company’s stock, valued at approximately $1,134,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Wells Fargo & Company MN raised its position in 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 worth $279,883,000 after acquiring an additional 552,907 shares during the last quarter. Avantax Planning Partners Inc. increased its position in Schwab US Dividend Equity ETF by 3.8% during the 4th quarter. Avantax Planning Partners Inc. now owns 10,106,223 shares of the company’s stock worth $277,214,000 after purchasing an additional 366,548 shares in the last quarter. Cassaday & Co Wealth Management LLC increased its position in Schwab US Dividend Equity ETF by 3.5% during the 1st quarter. Cassaday & Co Wealth Management LLC now owns 9,569,026 shares of the company’s stock worth $293,578,000 after purchasing an additional 324,778 shares in the last quarter. Royal Bank of Canada raised its stake in Schwab US Dividend Equity ETF by 8.3% in the 1st quarter. Royal Bank of Canada now owns 8,655,941 shares of the company’s stock valued at $265,563,000 after purchasing an additional 660,876 shares during the last quarter. Finally, Cibc World Market Inc. raised its stake in 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 purchasing an additional 1,694,144 shares during the last quarter.

Schwab US Dividend Equity ETF Stock Performance

Shares of SCHD opened at $35.11 on Friday. The company has a market capitalization of $109.08 billion, a price-to-earnings ratio of 14.57 and a beta of 0.67. The company’s 50 day simple moving average is $33.05 and its 200 day simple moving average is $31.98. Schwab US Dividend Equity ETF has a 1 year low of $26.32 and a 1 year high of $35.31.

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.