Schwab US Dividend Equity ETF $SCHD Stock: Root Financial Partners LLC Boosts Stake

Root Financial Partners LLC raised its stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 114.4% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 176,057 shares of the company’s stock after acquiring an additional 93,928 shares during the period. Root Financial Partners LLC’s holdings in Schwab US Dividend Equity ETF were worth $5,727,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in SCHD. Byrne Asset Management LLC acquired a new position in Schwab US Dividend Equity ETF during the 2nd quarter valued at approximately $26,000. DiNuzzo Private Wealth Inc. bought a new position in Schwab US Dividend Equity ETF during the 2nd quarter worth $27,000. Ashton Thomas Securities LLC acquired a new stake in Schwab US Dividend Equity ETF in the first quarter worth $32,000. Signature Resources Capital Management LLC increased its position in Schwab US Dividend Equity ETF by 53.8% in the first quarter. Signature Resources Capital Management LLC now owns 1,430 shares of the company’s stock worth $44,000 after buying an additional 500 shares during the period. Finally, Halbert Hargrove Global Advisors LLC acquired a new stake in Schwab US Dividend Equity ETF in the third quarter worth $72,000.

Schwab US Dividend Equity ETF Stock Performance

SCHD stock opened at $35.40 on Friday. The stock has a market capitalization of $118.71 billion, a price-to-earnings ratio of 14.57 and a beta of 0.68. Schwab US Dividend Equity ETF has a 1 year low of $26.32 and a 1 year high of $35.45. The stock’s fifty day moving average is $34.05 and its two-hundred day moving average is $32.88.

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.