Narwhal Capital Management Acquires 34,988 Shares of Schwab US Dividend Equity ETF $SCHD

Narwhal Capital Management acquired a new position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) during the third quarter, HoldingsChannel reports. The firm acquired 34,988 shares of the company’s stock, valued at approximately $1,138,000.

Several other institutional investors have also added to or reduced their stakes in SCHD. Vanguard Capital Wealth Advisors boosted its stake in Schwab US Dividend Equity ETF by 0.8% in the 3rd quarter. Vanguard Capital Wealth Advisors now owns 38,880 shares of the company’s stock worth $1,265,000 after purchasing an additional 296 shares during the period. Wealth Management Partners LLC increased its holdings in Schwab US Dividend Equity ETF by 1.7% during the 3rd quarter. Wealth Management Partners LLC now owns 18,307 shares of the company’s stock worth $596,000 after purchasing an additional 300 shares in the last quarter. Triumph Capital Management increased its holdings in Schwab US Dividend Equity ETF by 14.6% during the 3rd quarter. Triumph Capital Management now owns 2,389 shares of the company’s stock worth $78,000 after purchasing an additional 305 shares in the last quarter. Gemmer Asset Management LLC raised its stake in shares of Schwab US Dividend Equity ETF by 1.5% in the 2nd quarter. Gemmer Asset Management LLC now owns 21,618 shares of the company’s stock valued at $686,000 after purchasing an additional 317 shares during the period. Finally, FC Advisory LLC raised its stake in shares of Schwab US Dividend Equity ETF by 1.8% in the 3rd quarter. FC Advisory LLC now owns 19,234 shares of the company’s stock valued at $626,000 after purchasing an additional 336 shares during the period.

Schwab US Dividend Equity ETF Price Performance

Shares of Schwab US Dividend Equity ETF stock opened at $35.83 on Wednesday. The firm has a market cap of $121.92 billion, a price-to-earnings ratio of 19.09 and a beta of 0.66. The stock’s 50-day moving average is $34.23 and its 200-day moving average is $32.56. Schwab US Dividend Equity ETF has a one year low of $26.60 and a one year high of $36.38.

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.