Schwab US Dividend Equity ETF $SCHD is Cassaday & Co Wealth Management LLC’s 3rd Largest Position

Cassaday & Co Wealth Management LLC grew its stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 3.5% during the 1st quarter, HoldingsChannel reports. The fund owned 9,569,026 shares of the company’s stock after purchasing an additional 324,778 shares during the quarter. Schwab US Dividend Equity ETF comprises 6.3% of Cassaday & Co Wealth Management LLC’s holdings, making the stock its 3rd biggest position. Cassaday & Co Wealth Management LLC’s holdings in Schwab US Dividend Equity ETF were worth $293,578,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of SCHD. Paradiem LLC purchased a new stake in Schwab US Dividend Equity ETF during the 1st quarter valued at about $56,258,000. Cibc World Market Inc. lifted its stake in shares of 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 buying an additional 1,694,144 shares in the last quarter. Keudell Morrison Wealth Management purchased a new stake in shares of Schwab US Dividend Equity ETF during the fourth quarter valued at approximately $43,773,000. Baer Investment Advisory LLC bought a new stake in shares of Schwab US Dividend Equity ETF during the first quarter valued at approximately $46,847,000. Finally, Evergreen Advisors LLC bought a new stake in shares of Schwab US Dividend Equity ETF during the fourth quarter valued at approximately $41,630,000.

Schwab US Dividend Equity ETF Trading Down 0.5%

SCHD stock opened at $32.75 on Tuesday. The stock’s 50 day simple moving average is $32.28 and its 200 day simple moving average is $31.12. Schwab US Dividend Equity ETF has a 12-month low of $26.21 and a 12-month high of $33.50. The stock has a market capitalization of $100.06 billion, a PE ratio of 14.57 and a beta of 0.68.

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.