Spectrum Wealth Counsel LLC Boosts Position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Spectrum Wealth Counsel LLC increased its stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 203.4% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 142,639 shares of the company’s stock after acquiring an additional 95,621 shares during the quarter. Spectrum Wealth Counsel LLC’s holdings in Schwab US Dividend Equity ETF were worth $3,897,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Kennebec Savings Bank purchased a new position in shares of Schwab US Dividend Equity ETF during the 3rd quarter valued at approximately $31,000. Galvin Gaustad & Stein LLC increased its holdings in Schwab US Dividend Equity ETF by 2.1% in the 3rd quarter. Galvin Gaustad & Stein LLC now owns 17,987 shares of the company’s stock worth $1,520,000 after acquiring an additional 377 shares in the last quarter. Phillips Financial Management LLC increased its holdings in Schwab US Dividend Equity ETF by 144.8% in the 3rd quarter. Phillips Financial Management LLC now owns 661 shares of the company’s stock worth $56,000 after acquiring an additional 391 shares in the last quarter. Carmichael Hill & Associates Inc. increased its holdings in Schwab US Dividend Equity ETF by 1.9% in the 3rd quarter. Carmichael Hill & Associates Inc. now owns 21,086 shares of the company’s stock worth $1,782,000 after acquiring an additional 394 shares in the last quarter. Finally, Legacy Investment Solutions LLC purchased a new stake in Schwab US Dividend Equity ETF in the 3rd quarter worth $34,000.

Schwab US Dividend Equity ETF Stock Performance

Shares of NYSEARCA SCHD opened at $28.54 on Friday. The firm has a market cap of $69.92 billion, a PE ratio of 17.48 and a beta of 0.88. The firm has a fifty day moving average of $27.78 and a 200 day moving average of $28.09. Schwab US Dividend Equity ETF has a one year low of $25.18 and a one year 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.