GRIMES & Co WEALTH MANAGEMENT LLC Purchases 33,606 Shares of Schwab US Dividend Equity ETF $SCHD

GRIMES & Co WEALTH MANAGEMENT LLC purchased a new position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 33,606 shares of the company’s stock, valued at approximately $1,093,000.

Several other institutional investors also recently modified their holdings of the business. Byrne Asset Management LLC acquired a new stake in Schwab US Dividend Equity ETF in the second quarter valued at $26,000. Livelsberger Financial Advisory acquired a new position in Schwab US Dividend Equity ETF during the 3rd quarter worth about $28,000. DiNuzzo Private Wealth Inc. acquired a new position in Schwab US Dividend Equity ETF during the 2nd quarter worth about $27,000. Ashton Thomas Securities LLC acquired a new position in Schwab US Dividend Equity ETF during the 1st quarter worth about $32,000. Finally, Signature Resources Capital Management LLC grew its position in shares of Schwab US Dividend Equity ETF by 53.8% in the 1st quarter. Signature Resources Capital Management LLC now owns 1,430 shares of the company’s stock valued at $44,000 after buying an additional 500 shares during the last quarter.

Schwab US Dividend Equity ETF Trading Up 1.9%

Shares of SCHD stock opened at $36.21 on Thursday. The stock has a market cap of $123.11 billion, a price-to-earnings ratio of 19.09 and a beta of 0.68. The stock has a 50-day moving average of $34.18 and a 200-day moving average of $32.43. Schwab US Dividend Equity ETF has a 1-year low of $26.41 and a 1-year high of $36.21.

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.