Financial Designs Corp Buys 75,207 Shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Financial Designs Corp increased its stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 187.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 115,249 shares of the company’s stock after buying an additional 75,207 shares during the quarter. Schwab US Dividend Equity ETF accounts for about 2.1% of Financial Designs Corp’s investment portfolio, making the stock its 12th largest position. Financial Designs Corp’s holdings in Schwab US Dividend Equity ETF were worth $3,149,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also bought and sold shares of the stock. Kennebec Savings Bank acquired a new stake in shares of Schwab US Dividend Equity ETF during the 3rd quarter worth about $31,000. Legacy Investment Solutions LLC acquired a new position in shares of Schwab US Dividend Equity ETF during the third quarter worth approximately $34,000. Barrett & Company Inc. acquired a new position in shares of Schwab US Dividend Equity ETF during the third quarter worth approximately $34,000. Cassady Schiller Wealth Management LLC bought a new stake in shares of Schwab US Dividend Equity ETF during the third quarter valued at approximately $38,000. Finally, Quent Capital LLC increased its holdings in shares of Schwab US Dividend Equity ETF by 86.6% in the third quarter. Quent Capital LLC now owns 517 shares of the company’s stock valued at $44,000 after purchasing an additional 240 shares in the last quarter.

Schwab US Dividend Equity ETF Stock Performance

NYSEARCA:SCHD opened at $28.09 on Friday. The company has a market cap of $19.71 billion, a price-to-earnings ratio of 15.04 and a beta of 0.74. The stock’s fifty day moving average price is $28.13 and its two-hundred day moving average price is $27.87. Schwab US Dividend Equity ETF has a 52-week low of $25.16 and a 52-week high of $29.72.

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.