Oxbow Advisors LLC Buys 18,945 Shares of Schwab US Dividend Equity ETF $SCHD

by · The Markets Daily

Oxbow Advisors LLC raised its stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHDFree Report) by 88.3% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 40,400 shares of the company’s stock after buying an additional 18,945 shares during the quarter. Oxbow Advisors LLC’s holdings in Schwab US Dividend Equity ETF were worth $1,239,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Wells Fargo & Company MN boosted its position in shares of Schwab US Dividend Equity ETF by 5.7% in the fourth quarter. Wells Fargo & Company MN now owns 10,203,553 shares of the company’s stock valued at $279,883,000 after acquiring an additional 552,907 shares during the period. Avantax Planning Partners Inc. grew its stake in Schwab US Dividend Equity ETF by 3.8% during the fourth quarter. Avantax Planning Partners Inc. now owns 10,106,223 shares of the company’s stock valued at $277,214,000 after acquiring an additional 366,548 shares in the last quarter. Cassaday & Co Wealth Management LLC grew its stake in Schwab US Dividend Equity ETF by 52.2% during the fourth quarter. Cassaday & Co Wealth Management LLC now owns 9,244,248 shares of the company’s stock valued at $253,570,000 after acquiring an additional 3,170,728 shares in the last quarter. Royal Bank of Canada increased its holdings in Schwab US Dividend Equity ETF by 4.0% during the 4th quarter. Royal Bank of Canada now owns 7,995,065 shares of the company’s stock worth $219,304,000 after acquiring an additional 304,047 shares during the period. Finally, Cibc World Market Inc. increased its holdings in Schwab US Dividend Equity ETF by 31.8% during the 4th quarter. Cibc World Market Inc. now owns 7,022,759 shares of the company’s stock worth $192,634,000 after acquiring an additional 1,694,144 shares during the period.

Schwab US Dividend Equity ETF Price Performance

NYSEARCA SCHD opened at $32.39 on Friday. The company’s 50 day simple moving average is $32.06 and its two-hundred day simple moving average is $30.72. Schwab US Dividend Equity ETF has a 1 year low of $26.21 and a 1 year high of $32.92. The stock has a market capitalization of $97.46 billion, a PE ratio of 14.57 and a beta of 0.68.

Schwab US Dividend Equity ETF Company Profile

(Free Report)

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.

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