Sherman Wealth Management LLC Takes $519,000 Position in Schwab US Dividend Equity ETF $SCHD

Sherman Wealth Management LLC acquired a new position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 18,923 shares of the company’s stock, valued at approximately $519,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of SCHD. Clarius Group LLC increased its stake in shares of Schwab US Dividend Equity ETF by 2.7% during the fourth quarter. Clarius Group LLC now owns 76,831 shares of the company’s stock valued at $2,107,000 after purchasing an additional 1,985 shares in the last quarter. MeadowBrook Investment Advisors LLC boosted its holdings in Schwab US Dividend Equity ETF by 33.1% in the fourth quarter. MeadowBrook Investment Advisors LLC now owns 9,857 shares of the company’s stock worth $270,000 after acquiring an additional 2,450 shares in the last quarter. Spire Wealth Management boosted its holdings in Schwab US Dividend Equity ETF by 1.2% in the fourth quarter. Spire Wealth Management now owns 188,076 shares of the company’s stock worth $5,159,000 after acquiring an additional 2,282 shares in the last quarter. Beech Hill Advisors Inc. grew its stake in shares of Schwab US Dividend Equity ETF by 51.9% in the fourth quarter. Beech Hill Advisors Inc. now owns 20,200 shares of the company’s stock worth $554,000 after acquiring an additional 6,900 shares during the last quarter. Finally, Bell Bank grew its stake in shares of Schwab US Dividend Equity ETF by 53.3% in the fourth quarter. Bell Bank now owns 104,155 shares of the company’s stock worth $2,857,000 after acquiring an additional 36,212 shares during the last quarter.

Schwab US Dividend Equity ETF Price Performance

Shares of NYSEARCA:SCHD opened at $30.44 on Monday. The business has a fifty day moving average price of $30.74 and a 200-day moving average price of $28.56. The company has a market capitalization of $80.06 billion, a PE ratio of 14.57 and a beta of 0.77. Schwab US Dividend Equity ETF has a 1-year low of $23.87 and a 1-year high of $31.95.

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.