198,867 Shares of Schwab US Dividend Equity ETF $SCHD Bought by WealthPLAN Partners LLC

WealthPLAN Partners LLC acquired a new position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) during the 3rd quarter, Holdings Channel.com reports. The institutional investor acquired 198,867 shares of the company’s stock, valued at approximately $6,469,000. Schwab US Dividend Equity ETF accounts for about 1.2% of WealthPLAN Partners LLC’s portfolio, making the stock its 20th biggest holding.

Several other hedge funds have also recently added to or reduced their stakes in SCHD. Byrne Asset Management LLC acquired a new position in shares of Schwab US Dividend Equity ETF in the 2nd quarter valued at $26,000. DiNuzzo Private Wealth Inc. purchased a new stake in shares of Schwab US Dividend Equity ETF in the 2nd quarter valued at approximately $27,000. Ashton Thomas Securities LLC acquired a new position in Schwab US Dividend Equity ETF in the 1st quarter worth approximately $32,000. Signature Resources Capital Management LLC boosted its stake in Schwab US Dividend Equity ETF by 53.8% in the 1st quarter. Signature Resources Capital Management LLC now owns 1,430 shares of the company’s stock worth $44,000 after purchasing an additional 500 shares during the period. Finally, Hanson & Doremus Investment Management grew its position in Schwab US Dividend Equity ETF by 35.7% during the 1st quarter. Hanson & Doremus Investment Management now owns 2,001 shares of the company’s stock worth $61,000 after purchasing an additional 526 shares in the last quarter.

Schwab US Dividend Equity ETF Price Performance

NYSEARCA SCHD traded up $0.47 on Thursday, hitting $34.19. 18,779,082 shares of the stock were exchanged, compared to its average volume of 22,395,799. The company’s 50-day moving average price is $34.00 and its two-hundred day moving average price is $32.71. Schwab US Dividend Equity ETF has a 52-week low of $26.32 and a 52-week high of $35.31. The company has a market capitalization of $114.21 billion, a price-to-earnings ratio of 14.57 and a beta of 0.68.

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.