Schwab US Dividend Equity ETF (NYSEARCA:SCHD) Shares Bought by Bridgewealth Advisory Group LLC

Bridgewealth Advisory Group LLC grew its stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 118.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 101,954 shares of the company’s stock after purchasing an additional 55,186 shares during the period. Schwab US Dividend Equity ETF comprises approximately 4.0% of Bridgewealth Advisory Group LLC’s investment portfolio, making the stock its 7th largest holding. Bridgewealth Advisory Group LLC’s holdings in Schwab US Dividend Equity ETF were worth $8,221,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Charles Schwab Investment Advisory Inc. raised its stake in shares of 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 worth $737,004,000 after buying an additional 45,013 shares during the period. JPMorgan Chase & Co. lifted its holdings in Schwab US Dividend Equity ETF by 2.2% during the third quarter. JPMorgan Chase & Co. now owns 4,349,008 shares of the company’s stock valued at $307,736,000 after purchasing an additional 95,086 shares in the last quarter. Royal Bank of Canada grew its position in shares of Schwab US Dividend Equity ETF by 11.8% in the third quarter. Royal Bank of Canada now owns 4,280,883 shares of the company’s stock valued at $302,916,000 after purchasing an additional 451,744 shares during the period. Orgel Wealth Management LLC increased its stake in shares of Schwab US Dividend Equity ETF by 0.9% during the first quarter. Orgel Wealth Management LLC now owns 4,152,801 shares of the company’s stock worth $334,840,000 after purchasing an additional 38,020 shares in the last quarter. Finally, Wells Fargo & Company MN increased its stake in shares of Schwab US Dividend Equity ETF by 6.9% during the fourth quarter. Wells Fargo & Company MN now owns 3,652,298 shares of the company’s stock worth $278,049,000 after purchasing an additional 235,941 shares in the last quarter.

Schwab US Dividend Equity ETF Price Performance

Schwab US Dividend Equity ETF stock traded down $0.35 during midday trading on Monday, reaching $77.41. The company had a trading volume of 5,535,356 shares, compared to its average volume of 3,322,899. Schwab US Dividend Equity ETF has a 12-month low of $66.67 and a 12-month high of $80.82. The company has a market capitalization of $54.30 billion, a P/E ratio of 15.04 and a beta of 0.74. The firm’s fifty day simple moving average is $78.12 and its 200-day simple moving average is $77.64.

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.