CPA Asset Management Group LLC Has $6.45 Million Position in Schwab US Dividend Equity ETF $SCHD

CPA Asset Management Group LLC grew its stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 588.9% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 203,302 shares of the company’s stock after acquiring an additional 173,793 shares during the period. Schwab US Dividend Equity ETF accounts for 1.9% of CPA Asset Management Group LLC’s investment portfolio, making the stock its 14th biggest holding. CPA Asset Management Group LLC’s holdings in Schwab US Dividend Equity ETF were worth $6,447,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Wells Fargo & Company MN increased its position in Schwab US Dividend Equity ETF by 5.7% in the 4th quarter. Wells Fargo & Company MN now owns 10,203,553 shares of the company’s stock worth $279,883,000 after purchasing an additional 552,907 shares during the last quarter. Avantax Planning Partners Inc. grew its position in Schwab US Dividend Equity ETF by 3.8% in the fourth quarter. Avantax Planning Partners Inc. now owns 10,106,223 shares of the company’s stock worth $277,214,000 after acquiring an additional 366,548 shares in the last quarter. Cassaday & Co Wealth Management LLC boosted its holdings in Schwab US Dividend Equity ETF by 3.5% in the first quarter. Cassaday & Co Wealth Management LLC now owns 9,569,026 shares of the company’s stock worth $293,578,000 after purchasing an additional 324,778 shares in the last quarter. Royal Bank of Canada grew its holdings in Schwab US Dividend Equity ETF by 8.3% during the first quarter. Royal Bank of Canada now owns 8,655,941 shares of the company’s stock valued at $265,563,000 after purchasing an additional 660,876 shares during the last quarter. Finally, Cibc World Market Inc. grew its stake in Schwab US Dividend Equity ETF by 31.8% in the 4th quarter. Cibc World Market Inc. now owns 7,022,759 shares of the company’s stock valued at $192,634,000 after buying an additional 1,694,144 shares during the last quarter.

Schwab US Dividend Equity ETF Price Performance

SCHD opened at $33.90 on Monday. Schwab US Dividend Equity ETF has a 12-month low of $26.32 and a 12-month high of $34.24. The stock’s 50 day moving average price is $32.62 and its two-hundred day moving average price is $31.63. The firm has a market capitalization of $105.32 billion, a P/E ratio of 14.57 and a beta of 0.67.

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.