Worth Asset Management LLC Purchases 8,420 Shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Worth Asset Management LLC increased its holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 94.2% during the fourth quarter, Holdings Channel reports. The firm owned 17,360 shares of the company’s stock after acquiring an additional 8,420 shares during the quarter. Worth Asset Management LLC’s holdings in Schwab US Dividend Equity ETF were worth $474,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of SCHD. Central Pacific Bank Trust Division lifted its position in shares of Schwab US Dividend Equity ETF by 200.0% in the fourth quarter. Central Pacific Bank Trust Division now owns 906 shares of the company’s stock worth $25,000 after buying an additional 604 shares in the last quarter. Kennebec Savings Bank bought a new position in Schwab US Dividend Equity ETF during the 3rd quarter valued at about $31,000. Barrett & Company Inc. purchased a new stake in shares of Schwab US Dividend Equity ETF in the third quarter worth approximately $34,000. Legacy Investment Solutions LLC purchased a new stake in Schwab US Dividend Equity ETF in the third quarter worth $34,000. Finally, Cassady Schiller Wealth Management LLC bought a new stake in Schwab US Dividend Equity ETF during the 3rd quarter valued at about $38,000.

Schwab US Dividend Equity ETF Trading Down 0.3 %

Shares of NYSEARCA SCHD traded down $0.07 during trading hours on Wednesday, reaching $27.19. The stock had a trading volume of 6,856,619 shares, compared to its average volume of 14,831,542. Schwab US Dividend Equity ETF has a 52-week low of $24.97 and a 52-week high of $29.72. The business’s fifty day moving average price is $28.35 and its two-hundred day moving average price is $27.75. The firm has a market cap of $19.07 billion, a price-to-earnings ratio of 15.04 and a beta of 0.74.

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.