Golden State Wealth Management LLC Invests $429,000 in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Golden State Wealth Management LLC acquired a new stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) in the 4th quarter, Holdings Channel.com reports. The fund acquired 15,689 shares of the company’s stock, valued at approximately $429,000.

Several other institutional investors and hedge funds have also modified their holdings of SCHD. Kennebec Savings Bank bought a new position in Schwab US Dividend Equity ETF in the third quarter valued at approximately $31,000. Legacy Investment Solutions LLC bought a new stake in Schwab US Dividend Equity ETF in the 3rd quarter valued at $34,000. Barrett & Company Inc. acquired a new position in Schwab US Dividend Equity ETF in the 3rd quarter worth $34,000. Cassady Schiller Wealth Management LLC bought a new position in Schwab US Dividend Equity ETF during the 3rd quarter worth about $38,000. Finally, Phillips Financial Management LLC increased its holdings 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 worth $56,000 after purchasing an additional 391 shares in the last quarter.

Schwab US Dividend Equity ETF Price Performance

Shares of Schwab US Dividend Equity ETF stock opened at $27.56 on Friday. The firm has a market cap of $19.33 billion, a price-to-earnings ratio of 15.04 and a beta of 0.74. The stock’s 50-day moving average is $27.89 and its 200-day moving average is $27.97. Schwab US Dividend Equity ETF has a one year low of $25.16 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.