1,197,315 Shares in Schwab US Dividend Equity ETF $SCHD Acquired by Steele Capital Management Inc.

Steele Capital Management Inc. purchased a new position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,197,315 shares of the company’s stock, valued at approximately $38,949,000. Schwab US Dividend Equity ETF comprises 1.4% of Steele Capital Management Inc.’s holdings, making the stock its 20th largest holding.

Other hedge funds have also added to or reduced their stakes in the company. Rakuten Investment Management Inc. increased 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 valued at $1,664,990,000 after acquiring an additional 3,545,800 shares in the last quarter. Envestnet Asset Management Inc. raised its position in shares of 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 worth $560,222,000 after purchasing an additional 354,983 shares during the last quarter. Commonwealth Equity Services LLC purchased a new position in shares of Schwab US Dividend Equity ETF in the 3rd quarter worth about $337,510,000. Cassaday & Co Wealth Management LLC boosted 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 worth $293,578,000 after purchasing an additional 324,778 shares in the last quarter. Finally, Royal Bank of Canada boosted its stake in Schwab US Dividend Equity ETF by 8.3% in the 1st quarter. Royal Bank of Canada now owns 8,655,941 shares of the company’s stock worth $265,563,000 after purchasing an additional 660,876 shares in the last quarter.

Schwab US Dividend Equity ETF Stock Performance

Shares of SCHD stock opened at $35.42 on Friday. The company has a market capitalization of $120.43 billion, a price-to-earnings ratio of 19.09 and a beta of 0.68. Schwab US Dividend Equity ETF has a one year low of $26.46 and a one year high of $36.38. The company’s 50-day moving average is $34.19 and its 200 day moving average is $32.46.

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.