Cvfg LLC Makes New Investment in Schwab US Dividend Equity ETF $SCHD

Cvfg LLC bought a new stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 230,536 shares of the company’s stock, valued at approximately $7,073,000. Schwab US Dividend Equity ETF comprises 0.9% of Cvfg LLC’s portfolio, making the stock its 29th biggest position.

Several other large investors have also recently bought and sold shares of SCHD. Wells Fargo & Company MN lifted its position in shares of Schwab US Dividend Equity ETF by 5.7% in the fourth quarter. Wells Fargo & Company MN now owns 10,203,553 shares of the company’s stock valued at $279,883,000 after buying an additional 552,907 shares during the last quarter. Avantax Planning Partners Inc. increased its holdings in shares of Schwab US Dividend Equity ETF by 3.8% during the 4th quarter. Avantax Planning Partners Inc. now owns 10,106,223 shares of the company’s stock worth $277,214,000 after acquiring an additional 366,548 shares during the last quarter. Cassaday & Co Wealth Management LLC increased its holdings in shares of Schwab US Dividend Equity ETF by 52.2% during the 4th quarter. Cassaday & Co Wealth Management LLC now owns 9,244,248 shares of the company’s stock worth $253,570,000 after acquiring an additional 3,170,728 shares during the last quarter. Royal Bank of Canada raised its stake in Schwab US Dividend Equity ETF by 4.0% in the 4th quarter. Royal Bank of Canada now owns 7,995,065 shares of the company’s stock valued at $219,304,000 after acquiring an additional 304,047 shares during the period. Finally, Cibc World Market Inc. lifted its holdings in Schwab US Dividend Equity ETF by 31.8% during the 4th quarter. Cibc World Market Inc. now owns 7,022,759 shares of the company’s stock valued at $192,634,000 after purchasing an additional 1,694,144 shares during the last quarter.

Schwab US Dividend Equity ETF Price Performance

Shares of SCHD opened at $32.54 on Wednesday. The company’s 50-day moving average is $32.11 and its 200-day moving average is $30.81. The firm has a market capitalization of $98.32 billion, a PE ratio of 14.57 and a beta of 0.68. Schwab US Dividend Equity ETF has a fifty-two week low of $26.21 and a fifty-two week high of $32.92.

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.