Orion Capital Management LLC Buys 87,813 Shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Orion Capital Management LLC raised its stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 208.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 129,863 shares of the company’s stock after acquiring an additional 87,813 shares during the period. Schwab US Dividend Equity ETF comprises approximately 1.6% of Orion Capital Management LLC’s investment portfolio, making the stock its 14th largest holding. Orion Capital Management LLC’s holdings in Schwab US Dividend Equity ETF were worth $3,548,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently bought and sold shares of SCHD. AlphaQ Advisors LLC boosted its stake in shares of Schwab US Dividend Equity ETF by 201.0% in the 4th quarter. AlphaQ Advisors LLC now owns 21,874 shares of the company’s stock worth $598,000 after buying an additional 14,608 shares during the last quarter. McIlrath & Eck LLC increased its position in shares of Schwab US Dividend Equity ETF by 120.6% during the fourth quarter. McIlrath & Eck LLC now owns 13,109 shares of the company’s stock valued at $358,000 after acquiring an additional 7,167 shares during the last quarter. McCarthy Asset Management Inc. lifted its holdings in Schwab US Dividend Equity ETF by 190.0% during the fourth quarter. McCarthy Asset Management Inc. now owns 885,426 shares of the company’s stock worth $24,190,000 after acquiring an additional 580,060 shares during the period. Novem Group purchased a new position in Schwab US Dividend Equity ETF in the fourth quarter worth $1,235,000. Finally, 10Elms LLP purchased a new position in Schwab US Dividend Equity ETF in the fourth quarter worth $2,762,000.

Schwab US Dividend Equity ETF Price Performance

Shares of NYSEARCA:SCHD opened at $26.48 on Wednesday. Schwab US Dividend Equity ETF has a 1 year low of $23.87 and a 1 year high of $29.72. The company has a market capitalization of $68.85 billion, a PE ratio of 15.01 and a beta of 0.82. The business has a fifty day moving average price of $26.29 and a two-hundred day moving average price of $27.50.

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.