Monetary Solutions Ltd Invests $11.96 Million in Schwab US Dividend Equity ETF $SCHD

Monetary Solutions Ltd bought a new position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 435,975 shares of the company’s stock, valued at approximately $11,959,000. Schwab US Dividend Equity ETF comprises approximately 11.8% of Monetary Solutions Ltd’s investment portfolio, making the stock its largest holding.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SCHD. Sumitomo Life Insurance Co. bought a new position in Schwab US Dividend Equity ETF during the 3rd quarter worth approximately $847,665,000. Wells Fargo & Company MN boosted its stake in shares of Schwab US Dividend Equity ETF by 5.7% in the 4th quarter. Wells Fargo & Company MN now owns 10,203,553 shares of the company’s stock valued at $279,883,000 after purchasing an additional 552,907 shares during the last quarter. Avantax Planning Partners Inc. increased its position in shares of Schwab US Dividend Equity ETF by 3.8% during the fourth quarter. Avantax Planning Partners Inc. now owns 10,106,223 shares of the company’s stock worth $277,214,000 after buying an additional 366,548 shares during the period. Cassaday & Co Wealth Management LLC raised its stake in Schwab US Dividend Equity ETF by 52.2% during the fourth quarter. Cassaday & Co Wealth Management LLC now owns 9,244,248 shares of the company’s stock worth $253,570,000 after buying an additional 3,170,728 shares during the last quarter. Finally, Royal Bank of Canada raised its stake in Schwab US Dividend Equity ETF by 4.0% during the fourth quarter. Royal Bank of Canada now owns 7,995,065 shares of the company’s stock worth $219,304,000 after buying an additional 304,047 shares during the last quarter.

Schwab US Dividend Equity ETF Trading Down 0.2%

Shares of SCHD opened at $31.86 on Friday. The stock has a market capitalization of $90.44 billion, a P/E ratio of 14.57 and a beta of 0.67. The firm’s fifty day simple moving average is $31.82 and its two-hundred day simple moving average is $30.40. Schwab US Dividend Equity ETF has a 12 month low of $26.16 and a 12 month high of $32.92.

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.