MidAtlantic Capital Management Inc. Grows Stock Position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

MidAtlantic Capital Management Inc. boosted its position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 198.3% in the 4th quarter, Holdings Channel reports. The institutional investor owned 98,424 shares of the company’s stock after buying an additional 65,428 shares during the quarter. Schwab US Dividend Equity ETF accounts for 2.0% of MidAtlantic Capital Management Inc.’s investment portfolio, making the stock its 14th largest holding. MidAtlantic Capital Management Inc.’s holdings in Schwab US Dividend Equity ETF were worth $2,689,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of SCHD. Argus Investors Counsel Inc. lifted its stake in shares of Schwab US Dividend Equity ETF by 8.0% during the third quarter. Argus Investors Counsel Inc. now owns 4,768 shares of the company’s stock worth $403,000 after buying an additional 355 shares during the period. O ROURKE & COMPANY Inc raised its stake in Schwab US Dividend Equity ETF by 5.7% in the 3rd quarter. O ROURKE & COMPANY Inc now owns 6,738 shares of the company’s stock worth $570,000 after acquiring an additional 366 shares during the last quarter. Kennebec Savings Bank acquired a new stake in Schwab US Dividend Equity ETF during the 3rd quarter worth about $31,000. Brown Lisle Cummings Inc. lifted its position in Schwab US Dividend Equity ETF by 17.3% during the 3rd quarter. Brown Lisle Cummings Inc. now owns 2,545 shares of the company’s stock worth $215,000 after acquiring an additional 375 shares during the period. Finally, Galvin Gaustad & Stein LLC grew its stake 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 purchasing an additional 377 shares during the last quarter.

Schwab US Dividend Equity ETF Stock Performance

Shares of SCHD stock opened at $27.85 on Friday. 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 has a market capitalization of $19.54 billion, a PE ratio of 15.04 and a beta of 0.74. The stock’s 50-day simple moving average is $27.76 and its 200-day simple moving average is $27.99.

Schwab US Dividend Equity ETF Company 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.