Code Waechter LLC Grows Stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Code Waechter LLC boosted its holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 200.5% in the fourth quarter, HoldingsChannel.com reports. The firm owned 35,233 shares of the company’s stock after buying an additional 23,508 shares during the quarter. Schwab US Dividend Equity ETF comprises about 0.8% of Code Waechter LLC’s investment portfolio, making the stock its 28th largest holding. Code Waechter LLC’s holdings in Schwab US Dividend Equity ETF were worth $963,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in SCHD. Keystone Financial Planning Inc. boosted its holdings in shares of Schwab US Dividend Equity ETF by 188.6% in the fourth quarter. Keystone Financial Planning Inc. now owns 5,365,627 shares of the company’s stock valued at $146,589,000 after acquiring an additional 3,506,729 shares during the period. Wulff Hansen & CO. increased its holdings in shares of Schwab US Dividend Equity ETF by 8,405.3% in the second quarter. Wulff Hansen & CO. now owns 1,455,434 shares of the company’s stock valued at $113,175,000 after purchasing an additional 1,438,322 shares during the period. Burkett Financial Services LLC raised its stake in shares of Schwab US Dividend Equity ETF by 201.1% during the fourth quarter. Burkett Financial Services LLC now owns 1,542,139 shares of the company’s stock worth $42,131,000 after purchasing an additional 1,030,031 shares during the last quarter. Noble Family Wealth LLC lifted its holdings in shares of Schwab US Dividend Equity ETF by 215.4% during the fourth quarter. Noble Family Wealth LLC now owns 1,202,238 shares of the company’s stock worth $32,737,000 after purchasing an additional 821,050 shares during the period. Finally, Sanctuary Advisors LLC grew its position in Schwab US Dividend Equity ETF by 209.1% in the 3rd quarter. Sanctuary Advisors LLC now owns 912,589 shares of the company’s stock valued at $77,141,000 after buying an additional 617,308 shares during the last quarter.

Schwab US Dividend Equity ETF Stock Performance

Shares of SCHD opened at $27.30 on Tuesday. Schwab US Dividend Equity ETF has a 1 year low of $24.97 and a 1 year high of $29.72. The stock has a market capitalization of $19.15 billion, a P/E ratio of 15.04 and a beta of 0.74. The company’s fifty day moving average is $28.27 and its two-hundred day moving average is $27.78.

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.