Manning & Napier Advisors LLC Acquires 42,858 Shares of Schwab US Dividend Equity ETF $SCHD

Manning & Napier Advisors LLC lifted its holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 5.1% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 889,136 shares of the company’s stock after buying an additional 42,858 shares during the quarter. Manning & Napier Advisors LLC’s holdings in Schwab US Dividend Equity ETF were worth $27,279,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC raised its position in Schwab US Dividend Equity ETF by 404.6% in the 4th quarter. Brighton Jones LLC now owns 105,089 shares of the company’s stock worth $2,871,000 after purchasing an additional 84,262 shares during the last quarter. Revolve Wealth Partners LLC increased its stake in shares of Schwab US Dividend Equity ETF by 206.9% in the 4th quarter. Revolve Wealth Partners LLC now owns 76,685 shares of the company’s stock valued at $2,095,000 after buying an additional 51,696 shares during the period. Bison Wealth LLC raised its position in shares of Schwab US Dividend Equity ETF by 234.4% during the fourth quarter. Bison Wealth LLC now owns 441,394 shares of the company’s stock worth $12,059,000 after acquiring an additional 309,400 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Schwab US Dividend Equity ETF by 35.6% during the first quarter. Goldman Sachs Group Inc. now owns 592,953 shares of the company’s stock valued at $16,579,000 after acquiring an additional 155,769 shares during the period. Finally, United Bank lifted its stake in shares of Schwab US Dividend Equity ETF by 5.0% during the second quarter. United Bank now owns 195,713 shares of the company’s stock valued at $5,186,000 after acquiring an additional 9,351 shares during the period.

Schwab US Dividend Equity ETF Stock Up 0.4%

SCHD stock traded up $0.14 during midday trading on Friday, reaching $32.40. The stock had a trading volume of 14,149,522 shares, compared to its average volume of 22,244,186. The firm has a market cap of $98.10 billion, a price-to-earnings ratio of 14.57 and a beta of 0.68. Schwab US Dividend Equity ETF has a twelve month low of $26.21 and a twelve month high of $32.92. The business has a fifty day simple moving average of $32.17 and a two-hundred day simple moving average of $30.88.

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.