31,313 Shares of Schwab US Dividend Equity ETF $SCHD Purchased by Financial Designs Corp

Financial Designs Corp purchased a new stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor purchased 31,313 shares of the company’s stock, valued at approximately $1,019,000. Schwab US Dividend Equity ETF comprises about 0.5% of Financial Designs Corp’s investment portfolio, making the stock its 19th largest holding.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Paradiem LLC bought a new stake in Schwab US Dividend Equity ETF in the first quarter worth about $56,258,000. Baer Investment Advisory LLC bought a new position in shares of Schwab US Dividend Equity ETF during the first quarter valued at approximately $46,847,000. Royal Bank of Canada grew its stake in shares of Schwab US Dividend Equity ETF by 8.3% during the first quarter. Royal Bank of Canada now owns 8,655,941 shares of the company’s stock valued at $265,563,000 after buying an additional 660,876 shares during the last quarter. Ameritas Advisory Services LLC raised its holdings in shares of Schwab US Dividend Equity ETF by 108.4% in the second quarter. Ameritas Advisory Services LLC now owns 1,262,852 shares of the company’s stock worth $40,045,000 after buying an additional 656,892 shares during the period. Finally, Asset One Wealth Management LLC bought a new stake in shares of Schwab US Dividend Equity ETF during the 4th quarter worth approximately $18,791,000.

Schwab US Dividend Equity ETF Stock Performance

Shares of SCHD stock opened at $33.15 on Friday. The stock has a 50 day moving average price of $34.02 and a 200 day moving average price of $32.64. Schwab US Dividend Equity ETF has a 52-week low of $26.32 and a 52-week high of $35.31. The firm has a market capitalization of $110.22 billion, a P/E ratio of 14.57 and a beta of 0.68.

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.