Magnus Financial Group LLC grew its holdings in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD – Free Report) by 210.3% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 22,566 shares of the company’s stock after buying an additional 15,293 shares during the period. Magnus Financial Group LLC’s holdings in Schwab US Dividend Equity ETF were worth $617,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Colorado Capital Management Inc. grew its position in Schwab US Dividend Equity ETF by 1.1% in the 3rd quarter. Colorado Capital Management Inc. now owns 11,596 shares of the company’s stock valued at $980,000 after acquiring an additional 121 shares during the last quarter. Brick & Kyle Associates grew its holdings in shares of Schwab US Dividend Equity ETF by 2.9% in the second quarter. Brick & Kyle Associates now owns 4,551 shares of the company’s stock worth $354,000 after purchasing an additional 130 shares during the last quarter. Ascent Group LLC increased its stake in Schwab US Dividend Equity ETF by 1.2% in the 2nd quarter. Ascent Group LLC now owns 12,091 shares of the company’s stock worth $940,000 after buying an additional 145 shares during the period. Sunflower Bank N.A. lifted its holdings in Schwab US Dividend Equity ETF by 4.2% during the 3rd quarter. Sunflower Bank N.A. now owns 4,542 shares of the company’s stock valued at $384,000 after buying an additional 185 shares in the last quarter. Finally, Sound Income Strategies LLC boosted its position in Schwab US Dividend Equity ETF by 12.5% in the 3rd quarter. Sound Income Strategies LLC now owns 1,720 shares of the company’s stock valued at $145,000 after buying an additional 191 shares during the period.
Schwab US Dividend Equity ETF Price Performance
Shares of SCHD stock opened at $27.92 on Thursday. The company’s 50-day simple moving average is $28.15 and its two-hundred day simple moving average is $27.87. Schwab US Dividend Equity ETF has a one year low of $25.16 and a one year high of $29.72. The company has a market capitalization of $19.59 billion, a P/E ratio of 15.04 and a beta of 0.74.
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.
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