Sowell Financial Services LLC Makes New $5.61 Million Investment in Schwab US Dividend Equity ETF $SCHD

Sowell Financial Services LLC acquired a new stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 172,506 shares of the company’s stock, valued at approximately $5,612,000.

Several other large investors also recently modified their holdings of the stock. Envestnet Asset Management Inc. grew its position in shares of Schwab US Dividend Equity ETF by 2.1% in the second quarter. Envestnet Asset Management Inc. now owns 17,667,059 shares of the company’s stock valued at $560,222,000 after purchasing an additional 354,983 shares during the last quarter. Cassaday & Co Wealth Management LLC increased its stake in shares of Schwab US Dividend Equity ETF by 3.5% during the first quarter. Cassaday & Co Wealth Management LLC now owns 9,569,026 shares of the company’s stock worth $293,578,000 after purchasing an additional 324,778 shares during the period. Royal Bank of Canada lifted its holdings in Schwab US Dividend Equity ETF by 8.3% during the 1st quarter. Royal Bank of Canada now owns 8,655,941 shares of the company’s stock worth $265,563,000 after purchasing an additional 660,876 shares during the last quarter. Keystone Financial Planning Inc. lifted its holdings in Schwab US Dividend Equity ETF by 0.5% during the 3rd quarter. Keystone Financial Planning Inc. now owns 6,279,518 shares of the company’s stock worth $204,273,000 after purchasing an additional 29,169 shares during the last quarter. Finally, Keybank National Association OH lifted its holdings in Schwab US Dividend Equity ETF by 7.9% during the 1st quarter. Keybank National Association OH now owns 3,836,791 shares of the company’s stock worth $117,713,000 after purchasing an additional 280,129 shares during the last quarter.

Schwab US Dividend Equity ETF Price Performance

SCHD opened at $35.61 on Friday. The business has a fifty day simple moving average of $34.11 and a 200 day simple moving average of $32.28. Schwab US Dividend Equity ETF has a 1 year low of $26.32 and a 1 year high of $35.63. The company has a market capitalization of $120.02 billion, a PE ratio of 14.57 and a beta of 0.68.

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.