Elevation Point Wealth Partners LLC Acquires New Shares in Schwab US Dividend Equity ETF $SCHD

Elevation Point Wealth Partners LLC bought a new stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 52,483 shares of the company’s stock, valued at approximately $1,433,000.

Several other institutional investors also recently modified their holdings of the stock. Rakuten Investment Management Inc. acquired a new stake in shares of Schwab US Dividend Equity ETF in the 3rd quarter valued at approximately $1,127,144,000. Sumitomo Life Insurance Co. acquired a new position in Schwab US Dividend Equity ETF during the third quarter valued at approximately $847,665,000. Osaic Holdings Inc. increased its stake in Schwab US Dividend Equity ETF by 12.1% in the second quarter. Osaic Holdings Inc. now owns 11,264,610 shares of the company’s stock valued at $298,684,000 after purchasing an additional 1,217,005 shares in the last quarter. Avantax Planning Partners Inc. raised its holdings in Schwab US Dividend Equity ETF by 3.0% in the third quarter. Avantax Planning Partners Inc. now owns 9,739,675 shares of the company’s stock worth $265,893,000 after purchasing an additional 280,277 shares during the period. Finally, Cerity Partners LLC raised its holdings in Schwab US Dividend Equity ETF by 18.0% in the third quarter. Cerity Partners LLC now owns 6,599,938 shares of the company’s stock worth $180,178,000 after purchasing an additional 1,005,469 shares during the period.

Schwab US Dividend Equity ETF Stock Up 0.2%

Shares of NYSEARCA SCHD opened at $30.87 on Tuesday. Schwab US Dividend Equity ETF has a twelve month low of $23.87 and a twelve month high of $31.95. The stock has a market cap of $81.20 billion, a price-to-earnings ratio of 14.57 and a beta of 0.77. The company’s fifty day moving average is $30.38 and its 200-day moving average is $28.37.

Schwab US Dividend Equity ETF Company 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.