Ascent Advisors LLC Invests $784,000 in Schwab US Dividend Equity ETF $SCHD

Ascent Advisors LLC bought a new stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 25,542 shares of the company’s stock, valued at approximately $784,000. Schwab US Dividend Equity ETF makes up about 1.2% of Ascent Advisors LLC’s investment portfolio, making the stock its 20th largest holding.

A number of other large investors have also recently modified their holdings of SCHD. Cassaday & Co Wealth Management LLC boosted its position in shares of 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 valued at $253,570,000 after purchasing an additional 3,170,728 shares in the last quarter. Cibc World Market Inc. grew its stake in Schwab US Dividend Equity ETF by 31.8% in the fourth quarter. Cibc World Market Inc. now owns 7,022,759 shares of the company’s stock worth $192,634,000 after purchasing an additional 1,694,144 shares during the period. Keudell Morrison Wealth Management bought a new position in Schwab US Dividend Equity ETF in the fourth quarter worth $43,773,000. Baer Investment Advisory LLC bought a new position in Schwab US Dividend Equity ETF in the first quarter worth $46,847,000. Finally, Evergreen Advisors LLC purchased a new position in Schwab US Dividend Equity ETF during the fourth quarter valued at $41,630,000.

Schwab US Dividend Equity ETF Trading Down 0.6%

Shares of SCHD stock opened at $32.34 on Thursday. Schwab US Dividend Equity ETF has a 12 month low of $26.21 and a 12 month high of $32.92. The stock has a market cap of $97.92 billion, a PE ratio of 14.57 and a beta of 0.68. The company’s fifty day moving average price is $32.13 and its 200-day moving average price is $30.84.

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.