Retirement Financial Solutions LLC Invests $8.65 Million in Schwab US Dividend Equity ETF $SCHD

Retirement Financial Solutions LLC purchased a new stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 316,781 shares of the company’s stock, valued at approximately $8,648,000. Schwab US Dividend Equity ETF makes up approximately 5.3% of Retirement Financial Solutions LLC’s portfolio, making the stock its 9th largest position.

A number of other large investors have also recently added to or reduced their stakes in the stock. DT Investment Partners LLC bought a new stake in shares of Schwab US Dividend Equity ETF in the 3rd quarter worth about $7,645,000. Benchmark Financial Wealth Advisors LLC lifted its position in shares of Schwab US Dividend Equity ETF by 6.5% during the third quarter. Benchmark Financial Wealth Advisors LLC now owns 276,192 shares of the company’s stock worth $7,540,000 after purchasing an additional 16,841 shares during the last quarter. Boyce & Associates Wealth Consulting Inc. lifted its position in shares of Schwab US Dividend Equity ETF by 3.7% during the third quarter. Boyce & Associates Wealth Consulting Inc. now owns 40,482 shares of the company’s stock worth $1,105,000 after purchasing an additional 1,453 shares during the last quarter. Kellett Wealth Advisors LLC grew its stake in Schwab US Dividend Equity ETF by 8.4% in the third quarter. Kellett Wealth Advisors LLC now owns 209,644 shares of the company’s stock worth $5,723,000 after purchasing an additional 16,218 shares in the last quarter. Finally, Wealth Management Partners LLC acquired a new position in Schwab US Dividend Equity ETF in the third quarter worth about $278,000.

Schwab US Dividend Equity ETF Stock Up 1.1%

Shares of NYSEARCA SCHD opened at $27.73 on Monday. The stock’s 50 day moving average price is $27.28 and its two-hundred day moving average price is $27.21. Schwab US Dividend Equity ETF has a 52-week low of $23.87 and a 52-week high of $28.84. The stock has a market capitalization of $72.34 billion, a P/E ratio of 14.57 and a beta of 0.77.

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.