Sherman Wealth Management LLC Takes $519,000 Position in Schwab US Dividend Equity ETF $SCHD

Sherman Wealth Management LLC purchased a new stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 18,923 shares of the company’s stock, valued at approximately $519,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Rakuten Investment Management Inc. purchased a new stake in Schwab US Dividend Equity ETF during the 3rd quarter valued at $1,127,144,000. Sumitomo Life Insurance Co. purchased a new position in shares of Schwab US Dividend Equity ETF in the third quarter worth $847,665,000. Osaic Holdings Inc. lifted its holdings in shares of Schwab US Dividend Equity ETF by 12.1% during the second quarter. Osaic Holdings Inc. now owns 11,264,610 shares of the company’s stock valued at $298,684,000 after purchasing an additional 1,217,005 shares in the last quarter. Avantax Planning Partners Inc. boosted its position in shares of Schwab US Dividend Equity ETF by 3.0% during the third quarter. Avantax Planning Partners Inc. now owns 9,739,675 shares of the company’s stock valued at $265,893,000 after buying an additional 280,277 shares during the last quarter. Finally, Cerity Partners LLC increased its holdings in Schwab US Dividend Equity ETF by 18.0% in the 3rd quarter. Cerity Partners LLC now owns 6,599,938 shares of the company’s stock worth $180,178,000 after buying an additional 1,005,469 shares in the last quarter.

Schwab US Dividend Equity ETF Stock Performance

SCHD opened at $30.44 on Monday. The stock has a market capitalization of $80.06 billion, a P/E ratio of 14.57 and a beta of 0.77. The company’s 50-day simple moving average is $30.74 and its two-hundred day simple moving average is $28.56. Schwab US Dividend Equity ETF has a 52-week low of $23.87 and a 52-week high of $31.95.

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.