Smartleaf Asset Management LLC Purchases 87,275 Shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Smartleaf Asset Management LLC boosted its position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 210.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 128,727 shares of the company’s stock after acquiring an additional 87,275 shares during the period. Smartleaf Asset Management LLC’s holdings in Schwab US Dividend Equity ETF were worth $3,505,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its stake in Schwab US Dividend Equity ETF by 7.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,568,103 shares of the company’s stock valued at $132,552,000 after acquiring an additional 104,855 shares during the period. GAMMA Investing LLC grew its holdings in Schwab US Dividend Equity ETF by 200.0% during the 4th quarter. GAMMA Investing LLC now owns 9,753 shares of the company’s stock valued at $266,000 after buying an additional 6,502 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in Schwab US Dividend Equity ETF during the 3rd quarter valued at about $163,000. Tenon Financial LLC grew its holdings in Schwab US Dividend Equity ETF by 200.1% during the 4th quarter. Tenon Financial LLC now owns 15,121 shares of the company’s stock valued at $412,000 after buying an additional 10,082 shares in the last quarter. Finally, Summit Wealth & Retirement Planning Inc. grew its holdings in Schwab US Dividend Equity ETF by 195.0% during the 4th quarter. Summit Wealth & Retirement Planning Inc. now owns 26,180 shares of the company’s stock valued at $715,000 after buying an additional 17,305 shares in the last quarter.

Schwab US Dividend Equity ETF Stock Up 1.3 %

SCHD stock opened at $28.54 on Friday. The firm has a market capitalization of $69.92 billion, a PE ratio of 17.48 and a beta of 0.88. Schwab US Dividend Equity ETF has a twelve month low of $25.18 and a twelve month high of $29.72. The stock has a 50-day simple moving average of $27.78 and a two-hundred day simple moving average of $28.10.

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.