Moran Wealth Management LLC Purchases Shares of 63,753 Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Moran Wealth Management LLC purchased a new stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) during the 2nd quarter, Holdings Channel reports. The firm purchased 63,753 shares of the company’s stock, valued at approximately $4,630,000.

A number of other institutional investors have also added to or reduced their stakes in SCHD. Fortune 45 LLC increased its holdings in shares of Schwab US Dividend Equity ETF by 3.6% during the 1st quarter. Fortune 45 LLC now owns 82,847 shares of the company’s stock worth $6,535,000 after acquiring an additional 2,904 shares during the last quarter. United Bank grew its position in shares of Schwab US Dividend Equity ETF by 7.6% in the first quarter. United Bank now owns 47,346 shares of the company’s stock valued at $3,735,000 after purchasing an additional 3,357 shares during the last quarter. MAS Advisors LLC grew its position in shares of Schwab US Dividend Equity ETF by 32.9% in the first quarter. MAS Advisors LLC now owns 38,659 shares of the company’s stock valued at $3,087,000 after purchasing an additional 9,564 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of Schwab US Dividend Equity ETF by 10.0% in the first quarter. Bank of New York Mellon Corp now owns 29,004 shares of the company’s stock valued at $2,288,000 after purchasing an additional 2,629 shares during the last quarter. Finally, Citigroup Inc. grew its position in shares of Schwab US Dividend Equity ETF by 53.4% in the first quarter. Citigroup Inc. now owns 50,347 shares of the company’s stock valued at $3,972,000 after purchasing an additional 17,526 shares during the last quarter.

Schwab US Dividend Equity ETF Trading Up 0.5 %

Schwab US Dividend Equity ETF stock opened at $71.47 on Tuesday. Schwab US Dividend Equity ETF has a 12 month low of $66.67 and a 12 month high of $79.49. The stock’s 50 day moving average is $70.45 and its 200-day moving average is $71.91. The company has a market capitalization of $47.04 billion, a price-to-earnings ratio of 14.38 and a beta of 0.88.

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.