Richards Merrill & Peterson Inc. Boosts Stock Holdings in Schwab US Dividend Equity ETF $SCHD

Richards Merrill & Peterson Inc. grew its holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 26.2% during the 1st quarter, HoldingsChannel.com reports. The firm owned 151,829 shares of the company’s stock after buying an additional 31,545 shares during the quarter. Schwab US Dividend Equity ETF makes up approximately 1.7% of Richards Merrill & Peterson Inc.’s investment portfolio, making the stock its 12th largest holding. Richards Merrill & Peterson Inc.’s holdings in Schwab US Dividend Equity ETF were worth $4,658,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Brighton Jones LLC raised its holdings in Schwab US Dividend Equity ETF by 404.6% during the 4th quarter. Brighton Jones LLC now owns 105,089 shares of the company’s stock valued at $2,871,000 after acquiring an additional 84,262 shares during the period. Revolve Wealth Partners LLC boosted its holdings in shares of Schwab US Dividend Equity ETF by 206.9% in the fourth quarter. Revolve Wealth Partners LLC now owns 76,685 shares of the company’s stock worth $2,095,000 after acquiring an additional 51,696 shares during the period. Bison Wealth LLC boosted its holdings in shares of Schwab US Dividend Equity ETF by 234.4% in the fourth quarter. Bison Wealth LLC now owns 441,394 shares of the company’s stock worth $12,059,000 after acquiring an additional 309,400 shares during the period. Goldman Sachs Group Inc. grew its position in shares of Schwab US Dividend Equity ETF by 35.6% in the first quarter. Goldman Sachs Group Inc. now owns 592,953 shares of the company’s stock valued at $16,579,000 after purchasing an additional 155,769 shares in the last quarter. Finally, United Bank grew its position in shares of Schwab US Dividend Equity ETF by 5.0% in the second quarter. United Bank now owns 195,713 shares of the company’s stock valued at $5,186,000 after purchasing an additional 9,351 shares in the last quarter.

Schwab US Dividend Equity ETF Stock Performance

Shares of SCHD opened at $32.02 on Wednesday. The stock’s 50-day simple moving average is $31.88 and its 200 day simple moving average is $30.49. The stock has a market capitalization of $90.90 billion, a price-to-earnings ratio of 14.57 and a beta of 0.67. Schwab US Dividend Equity ETF has a 52-week low of $26.16 and a 52-week high of $32.92.

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.