Gilpin Wealth Management LLC Buys New Stake in Schwab US Dividend Equity ETF $SCHD

Gilpin Wealth Management LLC bought a new stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 42,935 shares of the company’s stock, valued at approximately $1,178,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Dorsey & Whitney Trust CO LLC acquired a new position in Schwab US Dividend Equity ETF in the 4th quarter valued at $219,000. Smithbridge Asset Management Inc. DE grew its stake in Schwab US Dividend Equity ETF by 104.3% in the 4th quarter. Smithbridge Asset Management Inc. DE now owns 780,928 shares of the company’s stock valued at $21,421,000 after buying an additional 398,669 shares during the last quarter. M Holdings Securities Inc. acquired a new position in Schwab US Dividend Equity ETF in the 4th quarter valued at $881,000. RM Financial Services LLC acquired a new position in Schwab US Dividend Equity ETF in the 4th quarter valued at $362,000. Finally, Fortune Financial Group Inc. acquired a new position in Schwab US Dividend Equity ETF in the 4th quarter valued at $248,000.

Schwab US Dividend Equity ETF Price Performance

NYSEARCA SCHD opened at $32.26 on Thursday. The firm has a market capitalization of $91.58 billion, a price-to-earnings ratio of 14.57 and a beta of 0.67. The company’s fifty day moving average is $31.60 and its two-hundred day moving average is $30.19. Schwab US Dividend Equity ETF has a 52-week low of $26.16 and a 52-week high of $32.91.

Schwab US Dividend Equity ETF Company 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.