Redwood Wealth Management Group LLC Invests $204,000 in Schwab US Dividend Equity ETF $SCHD

Redwood Wealth Management Group LLC acquired a new position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) in the 2nd quarter, Holdings Channel.com reports. The fund acquired 7,700 shares of the company’s stock, valued at approximately $204,000.

Several other large investors also recently made changes to their positions in the stock. MOKAN Wealth Management Inc. lifted its position in Schwab US Dividend Equity ETF by 4.9% during the 2nd quarter. MOKAN Wealth Management Inc. now owns 150,769 shares of the company’s stock worth $3,995,000 after buying an additional 6,985 shares in the last quarter. Principal Financial Group Inc. bought a new stake in Schwab US Dividend Equity ETF during the 1st quarter worth about $384,000. Allspring Global Investments Holdings LLC lifted its position in Schwab US Dividend Equity ETF by 343.3% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 12,115 shares of the company’s stock worth $339,000 after buying an additional 9,382 shares in the last quarter. Elevate Wealth Advisory Inc. lifted its position in Schwab US Dividend Equity ETF by 7.4% during the 1st quarter. Elevate Wealth Advisory Inc. now owns 56,983 shares of the company’s stock worth $1,593,000 after buying an additional 3,915 shares in the last quarter. Finally, Schaeffer Financial LLC lifted its position in Schwab US Dividend Equity ETF by 3.7% during the 1st quarter. Schaeffer Financial LLC now owns 688,852 shares of the company’s stock worth $19,260,000 after buying an additional 24,751 shares in the last quarter.

Schwab US Dividend Equity ETF Price Performance

Shares of SCHD opened at $26.75 on Friday. The firm has a 50-day moving average of $27.27 and a 200-day moving average of $26.82. Schwab US Dividend Equity ETF has a one year low of $23.87 and a one year high of $29.72. The company has a market cap of $69.21 billion, a PE ratio of 14.57 and a beta of 0.77.

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.