Evolution Advisers Inc. Buys New Position in Schwab US Dividend Equity ETF $SCHD

Evolution Advisers Inc. bought a new stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 19,276 shares of the company’s stock, valued at approximately $650,000.

Other large investors have also modified their holdings of the company. Rakuten Investment Management Inc. lifted its holdings in shares of Schwab US Dividend Equity ETF by 7.5% during the third quarter. Rakuten Investment Management Inc. now owns 50,684,634 shares of the company’s stock worth $1,664,990,000 after purchasing an additional 3,545,800 shares during the period. Envestnet Asset Management Inc. increased 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 buying an additional 354,983 shares during the period. Commonwealth Equity Services LLC acquired a new position in Schwab US Dividend Equity ETF in the 3rd quarter valued at $337,510,000. Cassaday & Co Wealth Management LLC increased its stake in Schwab US Dividend Equity ETF by 3.5% in the 1st quarter. Cassaday & Co Wealth Management LLC now owns 9,569,026 shares of the company’s stock valued at $293,578,000 after buying an additional 324,778 shares during the period. Finally, Royal Bank of Canada raised its position in Schwab US Dividend Equity ETF by 8.3% during the 1st quarter. Royal Bank of Canada now owns 8,655,941 shares of the company’s stock worth $265,563,000 after buying an additional 660,876 shares during the last quarter.

Schwab US Dividend Equity ETF Stock Performance

Shares of Schwab US Dividend Equity ETF stock opened at $35.93 on Friday. Schwab US Dividend Equity ETF has a one year low of $26.60 and a one year high of $36.38. The company has a market cap of $122.26 billion, a P/E ratio of 19.09 and a beta of 0.66. The firm has a fifty day moving average of $34.27 and a two-hundred day moving average of $32.63.

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.