Harbour Investment Management LLC Purchases New Shares in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Harbour Investment Management LLC purchased a new stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 20,955 shares of the company’s stock, valued at approximately $572,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Central Pacific Bank Trust Division increased its stake in Schwab US Dividend Equity ETF by 200.0% in the 4th quarter. Central Pacific Bank Trust Division now owns 906 shares of the company’s stock valued at $25,000 after buying an additional 604 shares during the period. Hoese & Co LLP acquired a new position in Schwab US Dividend Equity ETF in the 4th quarter valued at $26,000. Moisand Fitzgerald Tamayo LLC increased its stake in Schwab US Dividend Equity ETF by 294.3% in the 4th quarter. Moisand Fitzgerald Tamayo LLC now owns 1,041 shares of the company’s stock valued at $28,000 after buying an additional 777 shares during the period. PFG Private Wealth Management LLC increased its stake in Schwab US Dividend Equity ETF by 200.0% in the 4th quarter. PFG Private Wealth Management LLC now owns 1,029 shares of the company’s stock valued at $28,000 after buying an additional 686 shares during the period. Finally, IFS Advisors LLC increased its stake in Schwab US Dividend Equity ETF by 184.4% in the 4th quarter. IFS Advisors LLC now owns 1,078 shares of the company’s stock valued at $29,000 after buying an additional 699 shares during the period.

Schwab US Dividend Equity ETF Stock Up 1.3 %

NYSEARCA:SCHD opened at $27.64 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 stock has a market cap of $68.55 billion, a PE ratio of 17.56 and a beta of 0.86. The firm’s fifty day simple moving average is $27.89 and its 200-day simple moving average is $28.13.

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.