Schwab US Dividend Equity ETF (NYSEARCA:SCHD) Shares Acquired by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. lifted its stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 15.1% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 107,238 shares of the company’s stock after purchasing an additional 14,065 shares during the period. Oppenheimer & Co. Inc.’s holdings in Schwab US Dividend Equity ETF were worth $8,647,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Townsquare Capital LLC raised its position in Schwab US Dividend Equity ETF by 13.5% during the third quarter. Townsquare Capital LLC now owns 14,534 shares of the company’s stock valued at $1,028,000 after buying an additional 1,725 shares during the period. Comerica Bank acquired a new position in Schwab US Dividend Equity ETF during the third quarter valued at $4,708,000. B. Riley Wealth Advisors Inc. raised its position in Schwab US Dividend Equity ETF by 8.7% during the third quarter. B. Riley Wealth Advisors Inc. now owns 59,860 shares of the company’s stock valued at $4,236,000 after buying an additional 4,788 shares during the period. Tucker Asset Management LLC acquired a new position in Schwab US Dividend Equity ETF during the third quarter valued at $63,000. Finally, Raleigh Capital Management Inc. acquired a new position in Schwab US Dividend Equity ETF during the third quarter valued at $28,000.

Schwab US Dividend Equity ETF Stock Performance

NYSEARCA:SCHD traded up $0.82 during trading hours on Friday, hitting $79.64. 3,220,431 shares of the company’s stock traded hands, compared to its average volume of 3,296,988. The firm has a market cap of $55.87 billion, a P/E ratio of 15.04 and a beta of 0.74. Schwab US Dividend Equity ETF has a twelve month low of $66.67 and a twelve month high of $80.82. The stock’s fifty day moving average price is $78.15 and its two-hundred day moving average price is $77.74.

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.