Schwab US Dividend Equity ETF $SCHD Shares Newly Bought by Harbour Investments Inc.

Harbour Investments Inc. bought a new stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,173,966 shares of the company’s stock, valued at approximately $70,719,000. Schwab US Dividend Equity ETF accounts for 1.0% of Harbour Investments Inc.’s portfolio, making the stock its 12th largest holding. Harbour Investments Inc. owned approximately 0.06% of Schwab US Dividend Equity ETF as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Commonwealth Equity Services LLC purchased a new position in shares of Schwab US Dividend Equity ETF during the third quarter valued at approximately $337,510,000. Avantax Planning Partners Inc. bought a new position in Schwab US Dividend Equity ETF during the third quarter valued at approximately $168,991,000. Keybank National Association OH bought a new position in Schwab US Dividend Equity ETF during the third quarter valued at approximately $145,332,000. Rakuten Investment Management Inc. boosted its holdings in Schwab US Dividend Equity ETF by 7.5% in the third quarter. Rakuten Investment Management Inc. now owns 50,684,634 shares of the company’s stock worth $1,664,990,000 after purchasing an additional 3,545,800 shares during the last quarter. Finally, Valmark Advisers Inc. purchased a new stake in Schwab US Dividend Equity ETF in the third quarter worth approximately $87,981,000.

Schwab US Dividend Equity ETF Trading Up 0.5%

NYSEARCA:SCHD traded up $0.19 during trading hours on Friday, reaching $36.12. The company had a trading volume of 20,973,596 shares, compared to its average volume of 22,705,199. Schwab US Dividend Equity ETF has a 52 week low of $26.60 and a 52 week high of $36.38. The firm has a market cap of $123.70 billion, a price-to-earnings ratio of 19.09 and a beta of 0.66. The firm’s 50 day moving average price is $34.29 and its 200-day moving average price is $32.66.

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.