Towercrest Capital Management Acquires New Position in Schwab US Dividend Equity ETF $SCHD

Towercrest Capital Management bought a new position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) in the third quarter, Holdings Channel reports. The firm bought 183,586 shares of the company’s stock, valued at approximately $5,972,000. Schwab US Dividend Equity ETF accounts for approximately 0.9% of Towercrest Capital Management’s investment portfolio, making the stock its 28th largest position.

Other institutional investors also recently bought and sold shares of the company. Cahill Financial Advisors Inc. lifted its stake in shares of Schwab US Dividend Equity ETF by 6.2% during the second quarter. Cahill Financial Advisors Inc. now owns 379,548 shares of the company’s stock worth $12,035,000 after buying an additional 22,218 shares during the period. Dominguez Wealth Management Solutions Inc. increased its position in shares of Schwab US Dividend Equity ETF by 434.1% in the 3rd quarter. Dominguez Wealth Management Solutions Inc. now owns 209,188 shares of the company’s stock valued at $6,805,000 after acquiring an additional 170,021 shares during the period. Bangor Savings Bank acquired a new position in shares of Schwab US Dividend Equity ETF in the 3rd quarter valued at $2,480,000. HB Wealth Management LLC raised its stake in Schwab US Dividend Equity ETF by 8.4% in the 2nd quarter. HB Wealth Management LLC now owns 1,780,558 shares of the company’s stock worth $56,462,000 after acquiring an additional 137,402 shares during the last quarter. Finally, Concurrent Investment Advisors LLC raised its stake in Schwab US Dividend Equity ETF by 15.0% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 400,330 shares of the company’s stock worth $12,694,000 after acquiring an additional 52,223 shares during the last quarter.

Schwab US Dividend Equity ETF Price Performance

SCHD traded down $0.13 on Friday, reaching $35.27. 22,433,462 shares of the stock were exchanged, compared to its average volume of 22,466,484. The company’s 50-day moving average price is $34.07 and its 200 day moving average price is $32.90. Schwab US Dividend Equity ETF has a fifty-two week low of $26.32 and a fifty-two week high of $35.45. The firm has a market capitalization of $118.28 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.