Caprock Group LLC Takes $4.87 Million Position in Schwab US Dividend Equity ETF $SCHD

Caprock Group LLC acquired a new position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) during the third quarter, Holdings Channel reports. The firm acquired 174,354 shares of the company’s stock, valued at approximately $4,868,000.

Several other large investors also recently added to or reduced their stakes in SCHD. Biltmore Family Office LLC raised its holdings in shares of Schwab US Dividend Equity ETF by 116.4% in the 3rd quarter. Biltmore Family Office LLC now owns 974 shares of the company’s stock valued at $27,000 after acquiring an additional 524 shares in the last quarter. Independence Bank of Kentucky bought a new position in shares of Schwab US Dividend Equity ETF in the third quarter worth approximately $41,000. True Wealth Design LLC raised its stake in Schwab US Dividend Equity ETF by 42.9% in the third quarter. True Wealth Design LLC now owns 1,500 shares of the company’s stock valued at $41,000 after purchasing an additional 450 shares in the last quarter. Total Investment Management Inc. purchased a new stake in shares of Schwab US Dividend Equity ETF during the 2nd quarter valued at $43,000. Finally, Morton Brown Family Wealth LLC raised its position in Schwab US Dividend Equity ETF by 41.2% during the third quarter. Morton Brown Family Wealth LLC now owns 1,635 shares of the company’s stock valued at $45,000 after purchasing an additional 477 shares in the last quarter.

Schwab US Dividend Equity ETF Stock Performance

Shares of SCHD opened at $31.64 on Thursday. The firm has a market cap of $83.22 billion, a price-to-earnings ratio of 14.57 and a beta of 0.77. The firm has a 50 day moving average price of $28.65 and a 200-day moving average price of $27.69. Schwab US Dividend Equity ETF has a fifty-two week low of $23.87 and a fifty-two week high of $31.74.

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.