Rialto Wealth Management LLC Acquires Shares of 2,340 Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Rialto Wealth Management LLC bought a new stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) during the 4th quarter, HoldingsChannel reports. The fund bought 2,340 shares of the company’s stock, valued at approximately $64,000.

Several other institutional investors have also recently made changes to their positions in the company. Central Pacific Bank Trust Division lifted its position in shares of Schwab US Dividend Equity ETF by 200.0% during the fourth quarter. Central Pacific Bank Trust Division now owns 906 shares of the company’s stock worth $25,000 after purchasing an additional 604 shares during the last quarter. Hoese & Co LLP bought a new stake in Schwab US Dividend Equity ETF during the 4th quarter valued at about $26,000. Moisand Fitzgerald Tamayo LLC boosted its position in Schwab US Dividend Equity ETF by 294.3% in the 4th quarter. Moisand Fitzgerald Tamayo LLC now owns 1,041 shares of the company’s stock valued at $28,000 after buying an additional 777 shares during the period. PFG Private Wealth Management LLC grew its stake in Schwab US Dividend Equity ETF by 200.0% in the 4th quarter. PFG Private Wealth Management LLC now owns 1,029 shares of the company’s stock worth $28,000 after acquiring an additional 686 shares in the last quarter. Finally, IFS Advisors LLC increased its position in shares of Schwab US Dividend Equity ETF by 184.4% during the fourth quarter. IFS Advisors LLC now owns 1,078 shares of the company’s stock worth $29,000 after acquiring an additional 699 shares during the period.

Schwab US Dividend Equity ETF Stock Performance

Schwab US Dividend Equity ETF stock opened at $28.46 on Monday. Schwab US Dividend Equity ETF has a fifty-two week low of $25.18 and a fifty-two week high of $29.72. The company has a market capitalization of $69.73 billion, a PE ratio of 17.56 and a beta of 0.88. The company 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 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.