Wealthgarden F.S. LLC increased its stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD – Free Report) by 13.6% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 80,772 shares of the company’s stock after acquiring an additional 9,674 shares during the period. Schwab US Dividend Equity ETF makes up about 2.1% of Wealthgarden F.S. LLC’s holdings, making the stock its 7th largest holding. Wealthgarden F.S. LLC’s holdings in Schwab US Dividend Equity ETF were worth $2,207,000 at the end of the most recent reporting period.
Other hedge funds also recently added to or reduced their stakes in the company. Kennebec Savings Bank acquired a new stake in shares of Schwab US Dividend Equity ETF in the 3rd quarter worth about $31,000. Legacy Investment Solutions LLC acquired a new position in Schwab US Dividend Equity ETF during the 3rd quarter valued at about $34,000. Barrett & Company Inc. acquired a new position in Schwab US Dividend Equity ETF during the 3rd quarter valued at about $34,000. Cassady Schiller Wealth Management LLC acquired a new position in Schwab US Dividend Equity ETF during the 3rd quarter valued at about $38,000. Finally, Phillips Financial Management LLC boosted its position in shares of Schwab US Dividend Equity ETF by 144.8% during the third quarter. Phillips Financial Management LLC now owns 661 shares of the company’s stock worth $56,000 after buying an additional 391 shares during the period.
Schwab US Dividend Equity ETF Trading Down 0.4 %
Shares of NYSEARCA SCHD opened at $28.21 on Friday. The stock has a 50 day simple moving average of $27.69 and a 200-day simple moving average of $28.03. The company has a market cap of $69.11 billion, a PE ratio of 17.48 and a beta of 0.88. Schwab US Dividend Equity ETF has a 12-month low of $25.18 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.
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