Canal Capital Management LLC Takes $6.61 Million Position in Schwab US Dividend Equity ETF $SCHD

Canal Capital Management LLC bought a new position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 241,124 shares of the company’s stock, valued at approximately $6,614,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Investors Research Corp lifted its position in Schwab US Dividend Equity ETF by 5.1% during the 4th quarter. Investors Research Corp now owns 267,435 shares of the company’s stock valued at $7,336,000 after purchasing an additional 12,861 shares during the period. Argent Capital Management LLC acquired a new stake in shares of Schwab US Dividend Equity ETF during the 4th quarter worth approximately $29,815,000. Holos Integrated Wealth LLC acquired a new stake in shares of Schwab US Dividend Equity ETF during the 4th quarter worth approximately $5,606,000. Foguth Wealth Management LLC. bought a new stake in shares of Schwab US Dividend Equity ETF during the fourth quarter worth approximately $4,361,000. Finally, Burkett Financial Services LLC raised its stake in shares of Schwab US Dividend Equity ETF by 3.4% during the fourth quarter. Burkett Financial Services LLC now owns 1,725,899 shares of the company’s stock worth $47,341,000 after buying an additional 57,214 shares during the last quarter.

Schwab US Dividend Equity ETF Price Performance

Shares of NYSEARCA SCHD opened at $30.59 on Friday. Schwab US Dividend Equity ETF has a fifty-two week low of $23.87 and a fifty-two week high of $31.95. The firm has a market capitalization of $80.46 billion, a P/E ratio of 14.57 and a beta of 0.77. The company’s 50 day simple moving average is $30.53 and its 200 day simple moving average is $28.42.

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.