Schwab US Dividend Equity ETF $SCHD Shares Newly Purchased by Telos Capital Management Inc.

Telos Capital Management Inc. purchased a new position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 21,586 shares of the company’s stock, valued at approximately $702,000.

Other hedge funds also recently made changes to their positions in the company. Rakuten Investment Management Inc. increased its holdings in Schwab US Dividend Equity ETF by 7.5% in the 3rd quarter. Rakuten Investment Management Inc. now owns 50,684,634 shares of the company’s stock valued at $1,664,990,000 after acquiring an additional 3,545,800 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in Schwab US Dividend Equity ETF by 2.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 17,667,059 shares of the company’s stock valued at $560,222,000 after buying an additional 354,983 shares during the period. Commonwealth Equity Services LLC bought a new stake in shares of Schwab US Dividend Equity ETF in the 3rd quarter worth about $337,510,000. Cassaday & Co Wealth Management LLC boosted its position in shares of Schwab US Dividend Equity ETF by 3.5% during the first quarter. Cassaday & Co Wealth Management LLC now owns 9,569,026 shares of the company’s stock valued at $293,578,000 after buying an additional 324,778 shares during the period. Finally, Royal Bank of Canada grew its position in Schwab US Dividend Equity ETF by 8.3% in the 1st quarter. Royal Bank of Canada now owns 8,655,941 shares of the company’s stock valued at $265,563,000 after acquiring an additional 660,876 shares during the last quarter.

Schwab US Dividend Equity ETF Price Performance

Shares of SCHD opened at $35.42 on Friday. The firm has a market capitalization of $120.43 billion, a price-to-earnings ratio of 19.09 and a beta of 0.68. The company has a 50-day moving average of $34.19 and a 200 day moving average of $32.46. Schwab US Dividend Equity ETF has a 1-year low of $26.46 and a 1-year high of $36.38.

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.