V2 Financial group LLC Invests $966,000 in Schwab US Dividend Equity ETF $SCHD

V2 Financial group LLC purchased a new position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) during the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 35,200 shares of the company’s stock, valued at approximately $966,000.

A number of other institutional investors and hedge funds have also made changes to their positions in SCHD. Rakuten Investment Management Inc. acquired a new stake in shares of Schwab US Dividend Equity ETF during the 3rd quarter worth about $1,127,144,000. Sumitomo Life Insurance Co. acquired a new stake in shares of Schwab US Dividend Equity ETF during the 3rd quarter worth about $847,665,000. Cibc World Market Inc. boosted its stake in shares of Schwab US Dividend Equity ETF by 243.5% during the 3rd quarter. Cibc World Market Inc. now owns 5,328,615 shares of the company’s stock worth $145,471,000 after purchasing an additional 3,777,339 shares during the last quarter. Osaic Holdings Inc. boosted its stake in shares of Schwab US Dividend Equity ETF by 12.1% during the 2nd quarter. Osaic Holdings Inc. now owns 11,264,610 shares of the company’s stock worth $298,684,000 after purchasing an additional 1,217,005 shares during the last quarter. Finally, Lido Advisors LLC acquired a new stake in shares of Schwab US Dividend Equity ETF during the 3rd quarter worth about $32,308,000.

Schwab US Dividend Equity ETF Price Performance

Schwab US Dividend Equity ETF stock opened at $30.56 on Wednesday. Schwab US Dividend Equity ETF has a 12-month low of $23.87 and a 12-month high of $31.95. The stock has a market capitalization of $84.62 billion, a P/E ratio of 14.57 and a beta of 0.74. The firm’s 50-day moving average is $30.95 and its two-hundred day moving average is $28.71.

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.