Drive Wealth Management LLC Buys 8,473 Shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Drive Wealth Management LLC boosted its position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 250.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 11,861 shares of the company’s stock after purchasing an additional 8,473 shares during the period. Drive Wealth Management LLC’s holdings in Schwab US Dividend Equity ETF were worth $324,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the company. Legacy Financial Group LLC acquired a new stake in Schwab US Dividend Equity ETF in the 4th quarter valued at about $241,000. Tennessee Valley Asset Management Partners lifted its stake in Schwab US Dividend Equity ETF by 237.8% in the 4th quarter. Tennessee Valley Asset Management Partners now owns 9,439 shares of the company’s stock valued at $258,000 after purchasing an additional 6,645 shares during the last quarter. Narwhal Capital Management lifted its stake in Schwab US Dividend Equity ETF by 200.0% in the 4th quarter. Narwhal Capital Management now owns 34,695 shares of the company’s stock valued at $948,000 after purchasing an additional 23,130 shares during the last quarter. Peak Financial Management Inc. lifted its position in Schwab US Dividend Equity ETF by 200.0% during the fourth quarter. Peak Financial Management Inc. now owns 7,905 shares of the company’s stock worth $216,000 after acquiring an additional 5,270 shares during the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its position in Schwab US Dividend Equity ETF by 217.5% during the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 69,458 shares of the company’s stock worth $1,898,000 after acquiring an additional 47,584 shares during the last quarter.

Schwab US Dividend Equity ETF Stock Up 1.4 %

Shares of SCHD stock opened at $28.45 on Tuesday. The firm has a 50 day moving average price of $28.10 and a two-hundred day moving average price of $27.92. The company has a market capitalization of $19.96 billion, a PE ratio of 15.04 and a beta of 0.74. Schwab US Dividend Equity ETF has a 12-month low of $25.16 and a 12-month high of $29.72.

Schwab US Dividend Equity ETF 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.