Herbst Group LLC Purchases Shares of 7,577 Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Herbst Group LLC purchased a new stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) during the 2nd quarter, Holdings Channel reports. The fund purchased 7,577 shares of the company’s stock, valued at approximately $550,000.

Several other institutional investors and hedge funds have also modified their holdings of SCHD. Moneta Group Investment Advisors LLC lifted its stake in shares of Schwab US Dividend Equity ETF by 104,751.9% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 52,654,527 shares of the company’s stock valued at $3,977,523,000 after buying an additional 52,604,309 shares during the period. Cowa LLC lifted its stake in shares of Schwab US Dividend Equity ETF by 6,644.7% during the first quarter. Cowa LLC now owns 6,270,318 shares of the company’s stock valued at $6,059,000 after buying an additional 6,177,351 shares during the period. CI Private Wealth LLC purchased a new position in shares of Schwab US Dividend Equity ETF during the fourth quarter valued at approximately $135,502,000. Wells Fargo & Company MN lifted its stake in shares of Schwab US Dividend Equity ETF by 50.8% during the fourth quarter. Wells Fargo & Company MN now owns 3,992,329 shares of the company’s stock valued at $301,581,000 after buying an additional 1,344,161 shares during the period. Finally, Ameriprise Financial Inc. lifted its stake in shares of Schwab US Dividend Equity ETF by 14.3% during the first quarter. Ameriprise Financial Inc. now owns 9,805,935 shares of the company’s stock valued at $715,915,000 after buying an additional 1,228,836 shares during the period.

Schwab US Dividend Equity ETF Price Performance

NYSEARCA:SCHD traded down $0.27 during trading hours on Tuesday, reaching $73.35. 485,424 shares of the company were exchanged, compared to its average volume of 3,121,611. The firm has a market cap of $48.28 billion, a price-to-earnings ratio of 14.38 and a beta of 0.88. Schwab US Dividend Equity ETF has a 52-week low of $65.96 and a 52-week high of $79.49. The stock has a 50 day simple moving average of $74.14 and a 200 day simple moving average of $72.66.

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.