Rialto Wealth Management LLC Takes $64,000 Position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Rialto Wealth Management LLC bought a new stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 2,340 shares of the company’s stock, valued at approximately $64,000.

Other hedge funds also recently bought and sold shares of the company. Kennebec Savings Bank bought a new stake in shares of Schwab US Dividend Equity ETF during the third quarter valued at approximately $31,000. Legacy Investment Solutions LLC purchased a new position in shares of Schwab US Dividend Equity ETF during the third quarter valued at about $34,000. Cassady Schiller Wealth Management LLC bought a new stake in shares of Schwab US Dividend Equity ETF in the third quarter worth about $38,000. Phillips Financial Management LLC lifted its position in shares of Schwab US Dividend Equity ETF by 144.8% in the third quarter. Phillips Financial Management LLC now owns 661 shares of the company’s stock worth $56,000 after buying an additional 391 shares in the last quarter. Finally, Hobbs Group Advisors LLC bought a new position in Schwab US Dividend Equity ETF during the third quarter valued at approximately $68,000.

Schwab US Dividend Equity ETF Stock Performance

NYSEARCA SCHD opened at $28.46 on Monday. The stock has a 50 day moving average price of $27.85 and a 200-day moving average price of $28.13. Schwab US Dividend Equity ETF has a one year low of $25.18 and a one year high of $29.72. The company has a market capitalization of $69.73 billion, a P/E ratio of 17.56 and a beta of 0.88.

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.