Triangle Securities Wealth Management Invests $421,000 in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Triangle Securities Wealth Management acquired a new position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 15,397 shares of the company’s stock, valued at approximately $421,000.

Other institutional investors have also recently made changes to their positions in the company. Kennebec Savings Bank bought a new position in shares of Schwab US Dividend Equity ETF in the 3rd quarter worth approximately $31,000. Legacy Investment Solutions LLC bought a new position in shares of Schwab US Dividend Equity ETF in the 3rd quarter worth approximately $34,000. Barrett & Company Inc. bought a new position in shares of Schwab US Dividend Equity ETF in the 3rd quarter worth approximately $34,000. Cassady Schiller Wealth Management LLC bought a new position in shares of Schwab US Dividend Equity ETF in the 3rd quarter worth approximately $38,000. Finally, Quent Capital LLC lifted its stake in shares of Schwab US Dividend Equity ETF by 86.6% in the 3rd quarter. Quent Capital LLC now owns 517 shares of the company’s stock worth $44,000 after purchasing an additional 240 shares during the period.

Schwab US Dividend Equity ETF Trading Up 0.6 %

NYSEARCA SCHD opened at $27.99 on Monday. Schwab US Dividend Equity ETF has a 12 month low of $25.03 and a 12 month high of $29.72. The stock has a market cap of $19.63 billion, a price-to-earnings ratio of 15.04 and a beta of 0.74. The company’s 50 day moving average is $28.19 and its two-hundred day moving average is $27.84.

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.