Schwab US Dividend Equity ETF (NYSEARCA:SCHD) Shares Acquired by ZRC Wealth Management LLC

ZRC Wealth Management LLC lifted its position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 74.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 20,601 shares of the company’s stock after purchasing an additional 8,810 shares during the quarter. Schwab US Dividend Equity ETF comprises 0.8% of ZRC Wealth Management LLC’s holdings, making the stock its 26th largest position. ZRC Wealth Management LLC’s holdings in Schwab US Dividend Equity ETF were worth $1,661,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Raleigh Capital Management Inc. purchased a new stake in shares of Schwab US Dividend Equity ETF in the third quarter worth about $28,000. Voisard Asset Management Group Inc. acquired a new stake in shares of Schwab US Dividend Equity ETF during the 4th quarter worth approximately $29,000. Signature Resources Capital Management LLC purchased a new position in shares of Schwab US Dividend Equity ETF during the 4th quarter valued at approximately $32,000. Westside Investment Management Inc. acquired a new position in shares of Schwab US Dividend Equity ETF in the 1st quarter valued at $32,000. Finally, Bear Mountain Capital Inc. purchased a new stake in Schwab US Dividend Equity ETF during the fourth quarter worth $34,000.

Schwab US Dividend Equity ETF Price Performance

SCHD stock traded down $0.27 during midday trading on Thursday, hitting $77.18. 2,056,329 shares of the stock traded hands, compared to its average volume of 3,308,233. The stock’s fifty day simple moving average is $78.10 and its 200-day simple moving average is $77.65. The firm has a market cap of $54.14 billion, a P/E ratio of 15.04 and a beta of 0.74. Schwab US Dividend Equity ETF has a 1-year low of $66.67 and a 1-year high of $80.82.

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.