Richardson Capital Management LLC Acquires 396,435 Shares of Schwab US Dividend Equity ETF $SCHD

Richardson Capital Management LLC bought a new stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 396,435 shares of the company’s stock, valued at approximately $12,896,000. Schwab US Dividend Equity ETF accounts for approximately 5.6% of Richardson Capital Management LLC’s portfolio, making the stock its 7th biggest holding.

Several other institutional investors also recently made changes to their positions in SCHD. Norris Perne & French LLP MI acquired a new stake in shares of Schwab US Dividend Equity ETF during the 3rd quarter valued at approximately $221,000. Signaturefd LLC purchased a new stake in shares of Schwab US Dividend Equity ETF during the 3rd quarter worth approximately $1,097,000. BG Investment Services LLC grew its holdings in shares of Schwab US Dividend Equity ETF by 11.7% in the 3rd quarter. BG Investment Services LLC now owns 75,995 shares of the company’s stock worth $2,472,000 after acquiring an additional 7,952 shares during the period. Bond & Devick Financial Network Inc. grew its holdings in shares of Schwab US Dividend Equity ETF by 1.3% in the 3rd quarter. Bond & Devick Financial Network Inc. now owns 58,983 shares of the company’s stock worth $1,919,000 after acquiring an additional 734 shares during the period. Finally, Citizens Financial Group Inc. RI acquired a new stake in shares of Schwab US Dividend Equity ETF in the 3rd quarter worth approximately $13,859,000.

Schwab US Dividend Equity ETF Price Performance

NYSEARCA SCHD opened at $35.27 on Friday. The business has a 50 day moving average price of $34.07 and a 200 day moving average price of $32.90. The company has a market capitalization of $118.28 billion, a P/E ratio of 14.57 and a beta of 0.68. Schwab US Dividend Equity ETF has a 1-year low of $26.32 and a 1-year high of $35.45.

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.