1,197,315 Shares in Schwab US Dividend Equity ETF $SCHD Bought by Steele Capital Management Inc.

Steele Capital Management Inc. bought a new position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 1,197,315 shares of the company’s stock, valued at approximately $38,949,000. Schwab US Dividend Equity ETF makes up approximately 1.4% of Steele Capital Management Inc.’s portfolio, making the stock its 20th largest holding.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Rakuten Investment Management Inc. boosted its position in shares of Schwab US Dividend Equity ETF by 7.5% during the third quarter. Rakuten Investment Management Inc. now owns 50,684,634 shares of the company’s stock valued at $1,664,990,000 after purchasing an additional 3,545,800 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in Schwab US Dividend Equity ETF by 2.1% in the second quarter. Envestnet Asset Management Inc. now owns 17,667,059 shares of the company’s stock worth $560,222,000 after purchasing an additional 354,983 shares in the last quarter. Commonwealth Equity Services LLC bought a new position in Schwab US Dividend Equity ETF in the third quarter worth $337,510,000. Cassaday & Co Wealth Management LLC raised 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. Finally, Royal Bank of Canada lifted its position 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 buying an additional 660,876 shares during the period.

Schwab US Dividend Equity ETF Trading Down 2.2%

Shares of Schwab US Dividend Equity ETF stock opened at $35.42 on Friday. Schwab US Dividend Equity ETF has a 12 month low of $26.46 and a 12 month high of $36.38. The firm has a market capitalization of $120.43 billion, a P/E ratio of 19.09 and a beta of 0.68. The business has a fifty day simple moving average of $34.19 and a two-hundred day simple moving average of $32.46.

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.