BCS Wealth Management Invests $7.79 Million in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

BCS Wealth Management purchased a new stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 285,294 shares of the company’s stock, valued at approximately $7,794,000. Schwab US Dividend Equity ETF comprises 1.9% of BCS Wealth Management’s investment portfolio, making the stock its 11th largest position.

A number of other hedge funds have also recently bought and sold shares of SCHD. Oppenheimer Asset Management Inc. grew its stake in Schwab US Dividend Equity ETF by 45.0% in the second quarter. Oppenheimer Asset Management Inc. now owns 58,752 shares of the company’s stock worth $4,569,000 after purchasing an additional 18,220 shares in the last quarter. Fairfield Financial Advisors LTD bought a new position in Schwab US Dividend Equity ETF during the 2nd quarter worth approximately $39,000. Mesirow Financial Investment Management Inc. grew its position in shares of Schwab US Dividend Equity ETF by 2.0% in the 2nd quarter. Mesirow Financial Investment Management Inc. now owns 131,525 shares of the company’s stock worth $10,234,000 after acquiring an additional 2,521 shares in the last quarter. Citizens Financial Group Inc. RI acquired a new position in shares of Schwab US Dividend Equity ETF in the 2nd quarter worth approximately $5,054,000. Finally, Wulff Hansen & CO. increased its holdings in shares of Schwab US Dividend Equity ETF by 8,405.3% in the 2nd quarter. Wulff Hansen & CO. now owns 1,455,434 shares of the company’s stock valued at $113,175,000 after acquiring an additional 1,438,322 shares during the last quarter.

Schwab US Dividend Equity ETF Price Performance

Shares of SCHD opened at $27.30 on Tuesday. The stock has a market capitalization of $19.15 billion, a PE ratio of 15.04 and a beta of 0.74. The business’s fifty day moving average price is $28.27 and its 200 day moving average price is $27.78. Schwab US Dividend Equity ETF has a 12-month low of $24.97 and a 12-month high of $29.72.

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.