Schwab US Dividend Equity ETF $SCHD Shares Newly Purchased by Wealth Management Resources Inc.

Wealth Management Resources Inc. acquired a new position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) during the third quarter, Holdings Channel reports. The fund acquired 966,271 shares of the company’s stock, valued at approximately $31,433,000. Schwab US Dividend Equity ETF accounts for approximately 9.7% of Wealth Management Resources Inc.’s portfolio, making the stock its 2nd largest holding.

Several other large investors also recently made changes to their positions in the company. Envestnet Asset Management Inc. increased its position in 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 valued at $560,222,000 after buying an additional 354,983 shares in the last quarter. Cassaday & Co Wealth Management LLC boosted its holdings in Schwab US Dividend Equity ETF by 3.5% in the first quarter. Cassaday & Co Wealth Management LLC now owns 9,569,026 shares of the company’s stock worth $293,578,000 after acquiring an additional 324,778 shares in the last quarter. Royal Bank of Canada boosted its holdings in Schwab US Dividend Equity ETF by 8.3% in the first quarter. Royal Bank of Canada now owns 8,655,941 shares of the company’s stock worth $265,563,000 after acquiring an additional 660,876 shares in the last quarter. Keystone Financial Planning Inc. grew its stake in Schwab US Dividend Equity ETF by 0.5% in the third quarter. Keystone Financial Planning Inc. now owns 6,279,518 shares of the company’s stock valued at $204,273,000 after acquiring an additional 29,169 shares during the period. Finally, HHM Wealth Advisors LLC grew its stake in Schwab US Dividend Equity ETF by 2.8% in the first quarter. HHM Wealth Advisors LLC now owns 5,156,506 shares of the company’s stock valued at $158,202,000 after acquiring an additional 138,225 shares during the period.

Schwab US Dividend Equity ETF Stock Up 1.3%

NYSEARCA SCHD opened at $34.69 on Wednesday. The company has a market cap of $116.04 billion, a price-to-earnings ratio of 14.57 and a beta of 0.68. Schwab US Dividend Equity ETF has a 52 week low of $26.32 and a 52 week high of $35.31. The business has a 50 day moving average price of $34.02 and a 200-day moving average price of $32.82.

About Schwab US Dividend Equity ETF

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.