Cresset Asset Management LLC Buys 2,069,007 Shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Cresset Asset Management LLC boosted its stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 37.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,582,282 shares of the company’s stock after purchasing an additional 2,069,007 shares during the quarter. Schwab US Dividend Equity ETF comprises approximately 1.1% of Cresset Asset Management LLC’s investment portfolio, making the stock its 17th biggest position. Cresset Asset Management LLC owned about 0.29% of Schwab US Dividend Equity ETF worth $212,001,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. raised its stake in Schwab US Dividend Equity ETF by 268.3% in the fourth quarter. Russell Investments Group Ltd. now owns 22,732 shares of the company’s stock valued at $621,000 after purchasing an additional 16,560 shares in the last quarter. Barclays PLC acquired a new position in Schwab US Dividend Equity ETF during the fourth quarter worth about $74,000. Safeguard Investment Advisory Group LLC increased its stake in shares of Schwab US Dividend Equity ETF by 2,627.7% in the fourth quarter. Safeguard Investment Advisory Group LLC now owns 83,930 shares of the company’s stock valued at $2,293,000 after buying an additional 80,853 shares during the period. Principal Financial Group Inc. acquired a new position in shares of Schwab US Dividend Equity ETF in the first quarter valued at approximately $384,000. Finally, Allspring Global Investments Holdings LLC increased its stake in shares of Schwab US Dividend Equity ETF by 343.3% in the first quarter. Allspring Global Investments Holdings LLC now owns 12,115 shares of the company’s stock valued at $339,000 after buying an additional 9,382 shares during the period.

Schwab US Dividend Equity ETF Price Performance

Schwab US Dividend Equity ETF stock opened at $27.33 on Friday. The business has a 50 day moving average of $26.95 and a 200-day moving average of $26.88. Schwab US Dividend Equity ETF has a 1 year low of $23.87 and a 1 year high of $29.72. The company has a market capitalization of $71.28 billion, a P/E ratio of 14.57 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.