Ridgeline Wealth Planning LLC Takes Position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Ridgeline Wealth Planning LLC purchased a new stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 17,524 shares of the company’s stock, valued at approximately $479,000. Schwab US Dividend Equity ETF makes up approximately 0.5% of Ridgeline Wealth Planning LLC’s holdings, making the stock its 22nd biggest holding.

Several other large investors have also recently bought and sold shares of SCHD. Kennebec Savings Bank purchased a new position in Schwab US Dividend Equity ETF during the 3rd quarter valued at about $31,000. Legacy Investment Solutions LLC acquired a new stake in shares of Schwab US Dividend Equity ETF during the third quarter worth approximately $34,000. Barrett & Company Inc. acquired a new stake in shares of Schwab US Dividend Equity ETF during the third quarter worth approximately $34,000. Cassady Schiller Wealth Management LLC purchased a new position in Schwab US Dividend Equity ETF during the third quarter valued at approximately $38,000. Finally, Phillips Financial Management LLC increased its stake in Schwab US Dividend Equity ETF by 144.8% in the 3rd quarter. Phillips Financial Management LLC now owns 661 shares of the company’s stock valued at $56,000 after buying an additional 391 shares during the period.

Schwab US Dividend Equity ETF Stock Up 0.7 %

Shares of NYSEARCA:SCHD opened at $27.87 on Wednesday. The firm has a fifty day moving average of $27.81 and a two-hundred day moving average of $27.99. Schwab US Dividend Equity ETF has a 12-month low of $25.16 and a 12-month high of $29.72. The firm has a market capitalization of $19.55 billion, a P/E ratio of 15.04 and a beta of 0.74.

About Schwab US Dividend Equity ETF

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.