Foster Victor Wealth Advisors LLC Buys Shares of 54,729 Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Foster Victor Wealth Advisors LLC purchased a new position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 54,729 shares of the company’s stock, valued at approximately $1,532,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Kennebec Savings Bank acquired a new position in shares of Schwab US Dividend Equity ETF in the 3rd quarter valued at $31,000. Legacy Investment Solutions LLC bought a new stake in Schwab US Dividend Equity ETF in the third quarter valued at about $34,000. Barrett & Company Inc. acquired a new position in Schwab US Dividend Equity ETF in the third quarter valued at about $34,000. Cassady Schiller Wealth Management LLC bought a new position in Schwab US Dividend Equity ETF during the third quarter worth about $38,000. Finally, Quent Capital LLC grew its position in shares of Schwab US Dividend Equity ETF by 86.6% during the 3rd quarter. Quent Capital LLC now owns 517 shares of the company’s stock worth $44,000 after buying an additional 240 shares during the period.

Schwab US Dividend Equity ETF Price Performance

Shares of NYSEARCA:SCHD opened at $28.07 on Wednesday. The firm’s 50 day simple moving average is $28.08 and its 200 day simple moving average is $27.94. Schwab US Dividend Equity ETF has a fifty-two week low of $25.16 and a fifty-two week high of $29.72. The company has a market capitalization of $19.69 billion, a price-to-earnings ratio of 15.04 and a beta of 0.74.

About Schwab US Dividend Equity ETF

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.