Oppenheimer Asset Management Inc. Raises Holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Oppenheimer Asset Management Inc. boosted its stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 199.5% in the 4th quarter, HoldingsChannel reports. The fund owned 180,207 shares of the company’s stock after buying an additional 120,038 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Schwab US Dividend Equity ETF were worth $4,923,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Kennebec Savings Bank purchased a new stake in Schwab US Dividend Equity ETF during the 3rd quarter valued at about $31,000. Galvin Gaustad & Stein LLC raised its position in Schwab US Dividend Equity ETF by 2.1% during the 3rd quarter. Galvin Gaustad & Stein LLC now owns 17,987 shares of the company’s stock valued at $1,520,000 after purchasing an additional 377 shares during the last quarter. Phillips Financial Management LLC raised its position in Schwab US Dividend Equity ETF by 144.8% during the 3rd quarter. Phillips Financial Management LLC now owns 661 shares of the company’s stock valued at $56,000 after purchasing an additional 391 shares during the last quarter. Carmichael Hill & Associates Inc. raised its position in Schwab US Dividend Equity ETF by 1.9% during the 3rd quarter. Carmichael Hill & Associates Inc. now owns 21,086 shares of the company’s stock valued at $1,782,000 after purchasing an additional 394 shares during the last quarter. Finally, Legacy Investment Solutions LLC bought a new position in Schwab US Dividend Equity ETF during the 3rd quarter valued at approximately $34,000.

Schwab US Dividend Equity ETF Price Performance

SCHD opened at $28.54 on Friday. The business has a 50 day simple moving average of $27.78 and a two-hundred day simple moving average of $28.09. The firm has a market capitalization of $69.92 billion, a price-to-earnings ratio of 17.48 and a beta of 0.88. Schwab US Dividend Equity ETF has a one year low of $25.18 and a one year high of $29.72.

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.