Moran Wealth Management LLC Purchases 102,610 Shares of Schwab US Dividend Equity ETF $SCHD

Moran Wealth Management LLC lifted its holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 48.4% during the first quarter, HoldingsChannel reports. The firm owned 314,445 shares of the company’s stock after purchasing an additional 102,610 shares during the period. Moran Wealth Management LLC’s holdings in Schwab US Dividend Equity ETF were worth $9,647,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Portland Financial Advisors Inc acquired a new position in shares of Schwab US Dividend Equity ETF during the 1st quarter worth about $240,000. IRON Financial LLC grew its holdings in Schwab US Dividend Equity ETF by 19.8% in the 1st quarter. IRON Financial LLC now owns 172,937 shares of the company’s stock valued at $5,306,000 after buying an additional 28,633 shares during the last quarter. Leelyn Smith LLC grew its holdings in Schwab US Dividend Equity ETF by 2.8% in the 1st quarter. Leelyn Smith LLC now owns 1,586,958 shares of the company’s stock valued at $48,688,000 after buying an additional 43,719 shares during the last quarter. PFG Investments LLC grew its holdings in Schwab US Dividend Equity ETF by 9.5% in the 1st quarter. PFG Investments LLC now owns 207,130 shares of the company’s stock valued at $6,355,000 after buying an additional 17,987 shares during the last quarter. Finally, Baer Investment Advisory LLC bought a new position in Schwab US Dividend Equity ETF in the 1st quarter worth approximately $46,847,000.

Schwab US Dividend Equity ETF Price Performance

Shares of SCHD stock opened at $32.39 on Friday. Schwab US Dividend Equity ETF has a 12 month low of $26.21 and a 12 month high of $32.92. The firm has a market cap of $97.46 billion, a PE ratio of 14.57 and a beta of 0.68. The stock has a 50 day moving average of $32.06 and a 200-day moving average of $30.72.

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.