Opulen Financial Group LLC Acquires New Stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Opulen Financial Group LLC acquired a new stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 490,503 shares of the company’s stock, valued at approximately $13,401,000. Schwab US Dividend Equity ETF comprises 12.2% of Opulen Financial Group LLC’s investment portfolio, making the stock its 2nd largest position. Opulen Financial Group LLC owned about 0.07% of Schwab US Dividend Equity ETF as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Kennebec Savings Bank bought a new stake in Schwab US Dividend Equity ETF during the 3rd quarter valued at $31,000. Galvin Gaustad & Stein LLC raised its holdings in Schwab US Dividend Equity ETF by 2.1% during the 3rd quarter. Galvin Gaustad & Stein LLC now owns 17,987 shares of the company’s stock valued at $1,520,000 after acquiring an additional 377 shares during the period. Phillips Financial Management LLC raised its holdings in Schwab US Dividend Equity ETF by 144.8% during the 3rd quarter. Phillips Financial Management LLC now owns 661 shares of the company’s stock valued at $56,000 after acquiring an additional 391 shares during the period. Legacy Investment Solutions LLC bought a new stake in Schwab US Dividend Equity ETF during the 3rd quarter valued at $34,000. Finally, Anchor Investment Management LLC raised its holdings in Schwab US Dividend Equity ETF by 1.1% during the 3rd quarter. Anchor Investment Management LLC now owns 38,517 shares of the company’s stock valued at $3,256,000 after acquiring an additional 428 shares during the period.

Schwab US Dividend Equity ETF Stock Performance

Schwab US Dividend Equity ETF stock opened at $28.05 on Thursday. The stock has a market cap of $68.72 billion, a P/E ratio of 17.48 and a beta of 0.88. Schwab US Dividend Equity ETF has a fifty-two week low of $25.18 and a fifty-two week high of $29.72. The firm’s fifty day moving average price is $27.82 and its 200-day moving average price is $28.12.

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.