Raab & Moskowitz Asset Management LLC Raises Holdings in Schwab US Dividend Equity ETF $SCHD

Raab & Moskowitz Asset Management LLC boosted its position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 28.7% during the third quarter, Holdings Channel.com reports. The fund owned 90,285 shares of the company’s stock after purchasing an additional 20,126 shares during the quarter. Raab & Moskowitz Asset Management LLC’s holdings in Schwab US Dividend Equity ETF were worth $2,465,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Biltmore Family Office LLC raised its holdings in shares of Schwab US Dividend Equity ETF by 116.4% in the 3rd quarter. Biltmore Family Office LLC now owns 974 shares of the company’s stock worth $27,000 after purchasing an additional 524 shares during the period. Triumph Capital Management acquired a new position in shares of Schwab US Dividend Equity ETF in the 3rd quarter valued at about $33,000. Reyes Financial Architecture Inc. grew its holdings in shares of Schwab US Dividend Equity ETF by 1,903.1% during the 3rd quarter. Reyes Financial Architecture Inc. now owns 1,302 shares of the company’s stock worth $36,000 after purchasing an additional 1,237 shares during the period. Turning Point Benefit Group Inc. acquired a new stake in Schwab US Dividend Equity ETF during the 3rd quarter worth approximately $36,000. Finally, Independence Bank of Kentucky acquired a new stake in Schwab US Dividend Equity ETF during the 3rd quarter worth approximately $41,000.

Schwab US Dividend Equity ETF Stock Performance

NYSEARCA SCHD opened at $30.95 on Wednesday. The firm has a market capitalization of $81.41 billion, a price-to-earnings ratio of 14.57 and a beta of 0.77. Schwab US Dividend Equity ETF has a one year low of $23.87 and a one year high of $31.95. The company’s 50 day moving average price is $30.43 and its 200 day moving average price is $28.39.

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.