Royal Bank of Canada Purchases 660,876 Shares of Schwab US Dividend Equity ETF $SCHD

Royal Bank of Canada boosted its position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 8.3% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,655,941 shares of the company’s stock after purchasing an additional 660,876 shares during the quarter. Royal Bank of Canada owned about 0.30% of Schwab US Dividend Equity ETF worth $265,563,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in SCHD. Mountain Hill Investment Partners Corp. boosted its stake in shares of Schwab US Dividend Equity ETF by 1,241.8% in the fourth quarter. Mountain Hill Investment Partners Corp. now owns 899 shares of the company’s stock valued at $25,000 after buying an additional 832 shares during the period. Merrithew & Thorsten Inc bought a new position in Schwab US Dividend Equity ETF during the 4th quarter worth $25,000. Field & Main Bank acquired a new position in Schwab US Dividend Equity ETF in the 4th quarter valued at $29,000. Dynamic Wealth Strategies LLC acquired a new position in Schwab US Dividend Equity ETF in the 4th quarter valued at $29,000. Finally, Triumph Capital Management bought a new stake in shares of Schwab US Dividend Equity ETF during the 3rd quarter valued at $33,000.

Schwab US Dividend Equity ETF Stock Performance

SCHD opened at $33.83 on Thursday. The firm has a market cap of $104.48 billion, a P/E ratio of 14.57 and a beta of 0.68. Schwab US Dividend Equity ETF has a 52-week low of $26.21 and a 52-week high of $34.24. The business’s fifty day moving average is $32.47 and its 200-day moving average is $31.39.

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.