Financial Perspectives Inc Buys 439 Shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Financial Perspectives Inc raised its position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 9.7% in the first quarter, HoldingsChannel.com reports. The firm owned 4,971 shares of the company’s stock after purchasing an additional 439 shares during the quarter. Financial Perspectives Inc’s holdings in Schwab US Dividend Equity ETF were worth $401,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Whitaker Myers Wealth Managers LTD. boosted its position in Schwab US Dividend Equity ETF by 12.3% during the fourth quarter. Whitaker Myers Wealth Managers LTD. now owns 203,264 shares of the company’s stock valued at $15,475,000 after acquiring an additional 22,221 shares during the last quarter. FMR LLC boosted its stake in Schwab US Dividend Equity ETF by 22.7% during the third quarter. FMR LLC now owns 64,312 shares of the company’s stock worth $4,551,000 after acquiring an additional 11,906 shares in the last quarter. Traynor Capital Management Inc. grew its holdings in Schwab US Dividend Equity ETF by 53.6% in the first quarter. Traynor Capital Management Inc. now owns 6,140 shares of the company’s stock worth $495,000 after purchasing an additional 2,142 shares during the period. Apexium Financial LP increased its stake in Schwab US Dividend Equity ETF by 27.0% in the fourth quarter. Apexium Financial LP now owns 287,086 shares of the company’s stock valued at $21,856,000 after purchasing an additional 60,972 shares in the last quarter. Finally, Procyon Advisors LLC boosted its position in shares of Schwab US Dividend Equity ETF by 9.9% during the 4th quarter. Procyon Advisors LLC now owns 4,440 shares of the company’s stock worth $338,000 after purchasing an additional 401 shares in the last quarter.

Schwab US Dividend Equity ETF Trading Down 0.3 %

NYSEARCA SCHD traded down $0.27 during mid-day trading on Thursday, hitting $77.18. The company’s stock had a trading volume of 2,056,329 shares, compared to its average volume of 3,308,233. The firm has a market capitalization of $54.14 billion, a price-to-earnings ratio of 15.04 and a beta of 0.74. The company’s 50 day simple moving average is $78.10 and its 200 day simple moving average is $77.65. Schwab US Dividend Equity ETF has a twelve month low of $66.67 and a twelve month high of $80.82.

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.