Leo Wealth LLC Purchases New Position in Schwab US Dividend Equity ETF $SCHD

Leo Wealth LLC purchased a new position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 22,989 shares of the company’s stock, valued at approximately $748,000.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Envestnet Asset Management Inc. grew its stake in Schwab US Dividend Equity ETF by 2.1% in the 2nd quarter. Envestnet Asset Management Inc. now owns 17,667,059 shares of the company’s stock valued at $560,222,000 after acquiring an additional 354,983 shares during the last quarter. Cassaday & Co Wealth Management LLC raised its position in Schwab US Dividend Equity ETF by 3.5% during the first quarter. Cassaday & Co Wealth Management LLC now owns 9,569,026 shares of the company’s stock worth $293,578,000 after acquiring an additional 324,778 shares during the last quarter. Royal Bank of Canada raised its position in 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 worth $265,563,000 after acquiring an additional 660,876 shares during the last quarter. Keystone Financial Planning Inc. lifted its holdings in shares of Schwab US Dividend Equity ETF by 0.5% in the third quarter. Keystone Financial Planning Inc. now owns 6,279,518 shares of the company’s stock valued at $204,273,000 after purchasing an additional 29,169 shares in the last quarter. Finally, Keybank National Association OH lifted its holdings in shares of Schwab US Dividend Equity ETF by 7.9% in the first quarter. Keybank National Association OH now owns 3,836,791 shares of the company’s stock valued at $117,713,000 after purchasing an additional 280,129 shares in the last quarter.

Schwab US Dividend Equity ETF Price Performance

SCHD stock opened at $35.30 on Tuesday. The company’s 50 day simple moving average is $34.06 and its 200-day simple moving average is $32.14. The firm has a market capitalization of $118.54 billion, a PE ratio of 14.57 and a beta of 0.68. Schwab US Dividend Equity ETF has a 12 month low of $26.32 and a 12 month high of $35.45.

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.