WealthPoint Financial LLC Makes New $431,000 Investment in Schwab US Dividend Equity ETF $SCHD

WealthPoint Financial LLC acquired a new stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 15,729 shares of the company’s stock, valued at approximately $431,000.

A number of other institutional investors and hedge funds have also made changes to their positions in SCHD. Sumitomo Life Insurance Co. acquired a new stake in shares of Schwab US Dividend Equity ETF during the third quarter worth about $847,665,000. Cassaday & Co Wealth Management LLC increased its position in Schwab US Dividend Equity ETF by 52.2% in the 4th quarter. Cassaday & Co Wealth Management LLC now owns 9,244,248 shares of the company’s stock valued at $253,570,000 after acquiring an additional 3,170,728 shares during the period. Cibc World Market Inc. increased its position in Schwab US Dividend Equity ETF by 31.8% in the 4th quarter. Cibc World Market Inc. now owns 7,022,759 shares of the company’s stock valued at $192,634,000 after acquiring an additional 1,694,144 shares during the period. Keudell Morrison Wealth Management purchased a new stake in Schwab US Dividend Equity ETF during the 4th quarter valued at approximately $43,773,000. Finally, Evergreen Advisors LLC purchased a new stake in Schwab US Dividend Equity ETF during the 4th quarter valued at approximately $41,630,000.

Schwab US Dividend Equity ETF Trading Down 0.2%

Schwab US Dividend Equity ETF stock opened at $31.86 on Friday. Schwab US Dividend Equity ETF has a twelve month low of $26.16 and a twelve month high of $32.92. The stock has a 50 day moving average of $31.82 and a two-hundred day moving average of $30.40. The stock has a market capitalization of $90.44 billion, a price-to-earnings ratio of 14.57 and a beta of 0.67.

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.