Granite Bay Wealth Management LLC Makes New $694,000 Investment in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Granite Bay Wealth Management LLC purchased a new stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) in the 4th quarter, HoldingsChannel reports. The institutional investor purchased 25,390 shares of the company’s stock, valued at approximately $694,000.

Several other institutional investors have also modified their holdings of SCHD. LPL Financial LLC boosted its stake in Schwab US Dividend Equity ETF by 3.1% during the 3rd quarter. LPL Financial LLC now owns 11,531,390 shares of the company’s stock valued at $974,748,000 after purchasing an additional 350,872 shares during the period. Keystone Financial Planning Inc. raised its holdings in shares of Schwab US Dividend Equity ETF by 188.6% during the fourth quarter. Keystone Financial Planning Inc. now owns 5,365,627 shares of the company’s stock valued at $146,589,000 after buying an additional 3,506,729 shares during the last quarter. Commonwealth Equity Services LLC boosted its position in shares of Schwab US Dividend Equity ETF by 7.5% during the third quarter. Commonwealth Equity Services LLC now owns 4,281,892 shares of the company’s stock worth $361,948,000 after buying an additional 297,674 shares during the period. Orgel Wealth Management LLC grew its holdings in Schwab US Dividend Equity ETF by 1.7% in the 3rd quarter. Orgel Wealth Management LLC now owns 4,257,335 shares of the company’s stock worth $359,873,000 after buying an additional 70,852 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its position in Schwab US Dividend Equity ETF by 2.9% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 3,629,338 shares of the company’s stock valued at $306,788,000 after acquiring an additional 101,637 shares during the period.

Schwab US Dividend Equity ETF Stock Performance

Shares of SCHD stock opened at $27.30 on Tuesday. Schwab US Dividend Equity ETF has a 1 year low of $24.97 and a 1 year high of $29.72. The firm has a market capitalization of $19.15 billion, a PE ratio of 15.04 and a beta of 0.74. The stock has a fifty day moving average of $28.27 and a two-hundred day moving average of $27.78.

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.