Dala Group LLC Buys New Stake in Schwab US Dividend Equity ETF $SCHD

Dala Group LLC bought a new stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) during the first quarter, HoldingsChannel reports. The institutional investor bought 65,662 shares of the company’s stock, valued at approximately $2,015,000. Schwab US Dividend Equity ETF accounts for 1.7% of Dala Group LLC’s holdings, making the stock its 13th biggest holding.

A number of other large investors also recently added to or reduced their stakes in the company. BIP Wealth LLC purchased a new stake in Schwab US Dividend Equity ETF during the 4th quarter worth approximately $1,589,000. Freestone Capital Holdings LLC boosted its position in Schwab US Dividend Equity ETF by 62.7% in the 4th quarter. Freestone Capital Holdings LLC now owns 42,792 shares of the company’s stock valued at $1,174,000 after buying an additional 16,486 shares during the period. Rockefeller Capital Management L.P. boosted its position in Schwab US Dividend Equity ETF by 18.8% in the 4th quarter. Rockefeller Capital Management L.P. now owns 523,834 shares of the company’s stock valued at $14,369,000 after buying an additional 82,981 shares during the period. Capital Investment Advisory Services LLC grew its stake in shares of Schwab US Dividend Equity ETF by 21.5% in the fourth quarter. Capital Investment Advisory Services LLC now owns 138,503 shares of the company’s stock worth $3,799,000 after acquiring an additional 24,551 shares in the last quarter. Finally, Carnegie Investment Counsel grew its stake in shares of Schwab US Dividend Equity ETF by 28.9% in the fourth quarter. Carnegie Investment Counsel now owns 470,751 shares of the company’s stock worth $12,913,000 after acquiring an additional 105,601 shares in the last quarter.

Schwab US Dividend Equity ETF Trading Up 0.2%

Schwab US Dividend Equity ETF stock opened at $33.47 on Friday. Schwab US Dividend Equity ETF has a twelve month low of $26.21 and a twelve month high of $34.24. The stock’s fifty day simple moving average is $32.51 and its 200-day simple moving average is $31.43. The firm has a market capitalization of $103.72 billion, a P/E ratio of 14.57 and a beta of 0.68.

Schwab US Dividend Equity ETF Company 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.