Immaculate Wealth Management LLC Buys New Position in Schwab US Dividend Equity ETF $SCHD

Immaculate Wealth Management LLC bought a new stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 29,537 shares of the company’s stock, valued at approximately $906,000. Schwab US Dividend Equity ETF accounts for about 7.2% of Immaculate Wealth Management LLC’s investment portfolio, making the stock its 6th biggest holding.

Several other hedge funds have also recently added to or reduced their stakes in SCHD. Wells Fargo & Company MN lifted its position in shares of Schwab US Dividend Equity ETF by 5.7% in the 4th quarter. Wells Fargo & Company MN now owns 10,203,553 shares of the company’s stock worth $279,883,000 after purchasing an additional 552,907 shares during the period. Avantax Planning Partners Inc. increased its position in shares of Schwab US Dividend Equity ETF by 3.8% during the fourth quarter. Avantax Planning Partners Inc. now owns 10,106,223 shares of the company’s stock worth $277,214,000 after buying an additional 366,548 shares during the period. Cassaday & Co Wealth Management LLC increased its position in shares of 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 buying an additional 324,778 shares during the period. Royal Bank of Canada raised its stake 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 buying an additional 660,876 shares during the last quarter. Finally, Cibc World Market Inc. lifted its holdings in Schwab US Dividend Equity ETF by 31.8% in the fourth quarter. Cibc World Market Inc. now owns 7,022,759 shares of the company’s stock valued at $192,634,000 after buying an additional 1,694,144 shares during the period.

Schwab US Dividend Equity ETF Stock Up 0.2%

SCHD stock opened at $33.47 on Friday. The firm has a market cap of $103.72 billion, a price-to-earnings ratio of 14.57 and a beta of 0.68. The company’s fifty day simple moving average is $32.51 and its 200 day simple moving average is $31.43. Schwab US Dividend Equity ETF has a 12-month low of $26.21 and a 12-month high of $34.24.

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.