Schwab US Dividend Equity ETF (NYSEARCA:SCHD) Shares Purchased by Fifth Third Wealth Advisors LLC

Fifth Third Wealth Advisors LLC lifted its stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 19.2% in the 1st quarter, Holdings Channel reports. The firm owned 41,121 shares of the company’s stock after purchasing an additional 6,621 shares during the quarter. Fifth Third Wealth Advisors LLC’s holdings in Schwab US Dividend Equity ETF were worth $3,316,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Charles Schwab Investment Advisory Inc. increased its holdings in Schwab US Dividend Equity ETF by 0.5% during the 4th quarter. Charles Schwab Investment Advisory Inc. now owns 9,680,868 shares of the company’s stock valued at $737,004,000 after acquiring an additional 45,013 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Schwab US Dividend Equity ETF by 2.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,349,008 shares of the company’s stock valued at $307,736,000 after acquiring an additional 95,086 shares in the last quarter. Royal Bank of Canada increased its holdings in Schwab US Dividend Equity ETF by 11.8% during the 3rd quarter. Royal Bank of Canada now owns 4,280,883 shares of the company’s stock valued at $302,916,000 after acquiring an additional 451,744 shares in the last quarter. Orgel Wealth Management LLC increased its holdings in Schwab US Dividend Equity ETF by 0.9% during the 1st quarter. Orgel Wealth Management LLC now owns 4,152,801 shares of the company’s stock valued at $334,840,000 after acquiring an additional 38,020 shares in the last quarter. Finally, Wells Fargo & Company MN increased its holdings in Schwab US Dividend Equity ETF by 6.9% during the 4th quarter. Wells Fargo & Company MN now owns 3,652,298 shares of the company’s stock valued at $278,049,000 after acquiring an additional 235,941 shares in the last quarter.

Schwab US Dividend Equity ETF Stock Performance

NYSEARCA:SCHD traded up $0.38 during mid-day trading on Friday, hitting $77.65. 3,055,586 shares of the company’s stock traded hands, compared to its average volume of 3,301,140. The firm’s 50 day simple moving average is $78.10 and its 200 day simple moving average is $77.54. Schwab US Dividend Equity ETF has a 1 year low of $66.67 and a 1 year high of $80.82. The company has a market cap of $54.47 billion, a PE ratio of 15.04 and a beta of 0.74.

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.