Towercrest Capital Management Makes New $5.97 Million Investment in Schwab US Dividend Equity ETF $SCHD

Towercrest Capital Management acquired a new stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 183,586 shares of the company’s stock, valued at approximately $5,972,000. Schwab US Dividend Equity ETF makes up approximately 0.9% of Towercrest Capital Management’s investment portfolio, making the stock its 28th biggest holding.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SCHD. Vanguard Capital Wealth Advisors raised its stake in shares of Schwab US Dividend Equity ETF by 0.8% during the 3rd quarter. Vanguard Capital Wealth Advisors now owns 38,880 shares of the company’s stock worth $1,265,000 after acquiring an additional 296 shares in the last quarter. Wealth Management Partners LLC boosted its stake in Schwab US Dividend Equity ETF by 1.7% in the third quarter. Wealth Management Partners LLC now owns 18,307 shares of the company’s stock valued at $596,000 after acquiring an additional 300 shares in the last quarter. Triumph Capital Management grew its holdings in Schwab US Dividend Equity ETF by 14.6% in the third quarter. Triumph Capital Management now owns 2,389 shares of the company’s stock worth $78,000 after purchasing an additional 305 shares during the last quarter. Gemmer Asset Management LLC grew its holdings in Schwab US Dividend Equity ETF by 1.5% in the second quarter. Gemmer Asset Management LLC now owns 21,618 shares of the company’s stock worth $686,000 after purchasing an additional 317 shares during the last quarter. Finally, MeadowBrook Investment Advisors LLC grew its holdings in Schwab US Dividend Equity ETF by 3.3% in the first quarter. MeadowBrook Investment Advisors LLC now owns 10,182 shares of the company’s stock worth $312,000 after purchasing an additional 325 shares during the last quarter.

Schwab US Dividend Equity ETF Trading Down 0.4%

Shares of SCHD stock traded down $0.13 during trading hours on Friday, reaching $35.27. 22,433,462 shares of the company’s stock were exchanged, compared to its average volume of 22,466,484. Schwab US Dividend Equity ETF has a fifty-two week low of $26.32 and a fifty-two week high of $35.45. The stock’s 50 day moving average is $34.07 and its 200-day moving average is $32.90. The company has a market cap of $118.28 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.