Manning & Napier Advisors LLC Invests $19.84 Million in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Manning & Napier Advisors LLC purchased a new stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) during the second quarter, according to its most recent filing with the SEC. The firm purchased 255,190 shares of the company’s stock, valued at approximately $19,844,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Central Pacific Bank Trust Division acquired a new stake in shares of Schwab US Dividend Equity ETF during the first quarter worth about $25,000. CarsonAllaria Wealth Management Ltd. acquired a new position in Schwab US Dividend Equity ETF during the first quarter worth $26,000. Olistico Wealth LLC acquired a new position in shares of Schwab US Dividend Equity ETF during the 2nd quarter worth approximately $28,000. Voisard Asset Management Group Inc. bought a new stake in shares of Schwab US Dividend Equity ETF during the 4th quarter worth about $29,000. Finally, Signature Resources Capital Management LLC bought a new stake in Schwab US Dividend Equity ETF in the 4th quarter valued at $32,000.

Schwab US Dividend Equity ETF Stock Down 0.1 %

Shares of SCHD stock traded down $0.07 during trading hours on Friday, reaching $80.15. The company’s stock had a trading volume of 2,526,735 shares, compared to its average volume of 3,290,537. The firm’s 50 day simple moving average is $79.02 and its 200-day simple moving average is $78.38. Schwab US Dividend Equity ETF has a fifty-two week low of $66.67 and a fifty-two week high of $83.19. The company has a market capitalization of $56.23 billion, a price-to-earnings ratio of 15.04 and a beta of 0.74.

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.