Quadrant Private Wealth Management LLC Takes Position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Quadrant Private Wealth Management LLC purchased a new stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 7,714 shares of the company’s stock, valued at approximately $211,000.

Several other institutional investors and hedge funds have also recently modified their holdings of SCHD. Kennebec Savings Bank bought a new position in Schwab US Dividend Equity ETF in the third quarter worth approximately $31,000. Legacy Investment Solutions LLC bought a new position in Schwab US Dividend Equity ETF in the third quarter worth approximately $34,000. Barrett & Company Inc. bought a new position in Schwab US Dividend Equity ETF in the third quarter worth approximately $34,000. Cassady Schiller Wealth Management LLC bought a new position in Schwab US Dividend Equity ETF in the third quarter worth approximately $38,000. Finally, Phillips Financial Management LLC raised its stake in Schwab US Dividend Equity ETF by 144.8% in the third quarter. Phillips Financial Management LLC now owns 661 shares of the company’s stock worth $56,000 after buying an additional 391 shares in the last quarter.

Schwab US Dividend Equity ETF Stock Down 0.2 %

Shares of NYSEARCA:SCHD opened at $27.79 on Friday. The firm has a 50 day moving average of $27.72 and a 200 day moving average of $28.00. Schwab US Dividend Equity ETF has a 52 week low of $25.18 and a 52 week high of $29.72. The company has a market capitalization of $19.49 billion, a price-to-earnings ratio of 15.04 and a beta of 0.74.

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.