Wealth Enhancement Trust Services Inc. Buys Shares of 24,737 Schwab US Dividend Equity ETF $SCHD

Wealth Enhancement Trust Services Inc. bought a new stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) during the fourth quarter, Holdings Channel reports. The institutional investor bought 24,737 shares of the company’s stock, valued at approximately $679,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SCHD. Rakuten Investment Management Inc. acquired a new stake in shares of Schwab US Dividend Equity ETF in the third quarter worth about $1,127,144,000. Sumitomo Life Insurance Co. acquired a new stake in shares of Schwab US Dividend Equity ETF in the third quarter worth about $847,665,000. Cibc World Market Inc. lifted its position in shares of Schwab US Dividend Equity ETF by 243.5% in the third quarter. Cibc World Market Inc. now owns 5,328,615 shares of the company’s stock worth $145,471,000 after buying an additional 3,777,339 shares during the last quarter. Lido Advisors LLC acquired a new stake in shares of Schwab US Dividend Equity ETF in the third quarter worth about $32,308,000. Finally, Argent Capital Management LLC acquired a new stake in shares of Schwab US Dividend Equity ETF in the fourth quarter worth about $29,815,000.

Schwab US Dividend Equity ETF Price Performance

Shares of NYSEARCA:SCHD opened at $31.05 on Monday. Schwab US Dividend Equity ETF has a fifty-two week low of $24.76 and a fifty-two week high of $31.95. The business has a 50-day moving average of $31.03 and a two-hundred day moving average of $28.91. The stock has a market capitalization of $87.27 billion, a P/E ratio of 14.57 and a beta of 0.70.

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.