Mengis Capital Management Inc. Purchases 63,598 Shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Mengis Capital Management Inc. grew its position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 204.6% in the 4th quarter, HoldingsChannel reports. The fund owned 94,678 shares of the company’s stock after buying an additional 63,598 shares during the period. Mengis Capital Management Inc.’s holdings in Schwab US Dividend Equity ETF were worth $2,587,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of SCHD. Central Pacific Bank Trust Division grew its holdings in Schwab US Dividend Equity ETF by 200.0% during 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. Hoese & Co LLP bought a new stake in Schwab US Dividend Equity ETF during the fourth quarter worth $26,000. Moisand Fitzgerald Tamayo LLC grew its holdings in Schwab US Dividend Equity ETF by 294.3% during the fourth quarter. Moisand Fitzgerald Tamayo LLC now owns 1,041 shares of the company’s stock worth $28,000 after buying an additional 777 shares in the last quarter. IFS Advisors LLC grew its holdings in Schwab US Dividend Equity ETF by 184.4% during the fourth quarter. IFS Advisors LLC now owns 1,078 shares of the company’s stock worth $29,000 after buying an additional 699 shares in the last quarter. Finally, Kennebec Savings Bank bought a new stake in Schwab US Dividend Equity ETF during the third quarter worth $31,000.

Schwab US Dividend Equity ETF Trading Up 0.2 %

Shares of Schwab US Dividend Equity ETF stock opened at $28.26 on Tuesday. The stock has a fifty day simple moving average of $27.69 and a 200 day simple moving average of $28.05. Schwab US Dividend Equity ETF has a 12-month low of $25.18 and a 12-month high of $29.72. The company has a market capitalization of $69.24 billion, a P/E ratio of 17.48 and a beta of 0.88.

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.