Citizens Financial Group Inc. RI Acquires New Shares in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Citizens Financial Group Inc. RI bought a new position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 64,313 shares of the company’s stock, valued at approximately $5,054,000.

Several other hedge funds have also recently modified their holdings of SCHD. Central Pacific Bank Trust Division bought a new position in Schwab US Dividend Equity ETF during the first quarter valued at approximately $25,000. Financial Gravity Asset Management Inc. bought a new position in shares of Schwab US Dividend Equity ETF during the 2nd quarter valued at $25,000. CarsonAllaria Wealth Management Ltd. purchased a new position in shares of Schwab US Dividend Equity ETF in the 1st quarter worth $26,000. Iron Horse Wealth Management LLC bought a new stake in shares of Schwab US Dividend Equity ETF in the second quarter worth $26,000. Finally, PFG Private Wealth Management LLC purchased a new stake in Schwab US Dividend Equity ETF during the second quarter valued at $27,000.

Schwab US Dividend Equity ETF Stock Performance

Shares of NYSEARCA:SCHD opened at $84.12 on Tuesday. The stock’s 50-day simple moving average is $81.70 and its two-hundred day simple moving average is $79.47. The stock has a market capitalization of $59.01 billion, a price-to-earnings ratio of 15.04 and a beta of 0.74. Schwab US Dividend Equity ETF has a 52-week low of $66.67 and a 52-week high of $84.57.

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.