Madison Asset Management LLC Acquires 170,000 Shares of Schwab US Dividend Equity ETF $SCHD

Madison Asset Management LLC lifted its holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 46.5% in the 1st quarter, Holdings Channel.com reports. The firm owned 535,292 shares of the company’s stock after buying an additional 170,000 shares during the quarter. Madison Asset Management LLC’s holdings in Schwab US Dividend Equity ETF were worth $16,423,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Brighton Jones LLC lifted its position in Schwab US Dividend Equity ETF by 404.6% in the 4th quarter. Brighton Jones LLC now owns 105,089 shares of the company’s stock valued at $2,871,000 after acquiring an additional 84,262 shares in the last quarter. Revolve Wealth Partners LLC increased its holdings in Schwab US Dividend Equity ETF by 206.9% during the 4th quarter. Revolve Wealth Partners LLC now owns 76,685 shares of the company’s stock worth $2,095,000 after purchasing an additional 51,696 shares in the last quarter. Bison Wealth LLC increased its holdings in Schwab US Dividend Equity ETF by 234.4% during the 4th quarter. Bison Wealth LLC now owns 441,394 shares of the company’s stock worth $12,059,000 after purchasing an additional 309,400 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Schwab US Dividend Equity ETF by 35.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 592,953 shares of the company’s stock valued at $16,579,000 after purchasing an additional 155,769 shares during the period. Finally, United Bank raised its stake in shares of Schwab US Dividend Equity ETF by 5.0% in the 2nd quarter. United Bank now owns 195,713 shares of the company’s stock valued at $5,186,000 after purchasing an additional 9,351 shares during the period.

Schwab US Dividend Equity ETF Price Performance

SCHD stock opened at $32.75 on Tuesday. The stock has a market capitalization of $100.06 billion, a P/E ratio of 14.57 and a beta of 0.68. The business has a 50-day moving average of $32.28 and a 200-day moving average of $31.12. Schwab US Dividend Equity ETF has a fifty-two week low of $26.21 and a fifty-two week high of $33.50.

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.