Stevens Capital Partners increased its position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD – Free Report) by 6.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 332,847 shares of the company’s stock after purchasing an additional 19,288 shares during the period. Schwab US Dividend Equity ETF accounts for approximately 2.5% of Stevens Capital Partners’ portfolio, making the stock its 11th largest position. Stevens Capital Partners’ holdings in Schwab US Dividend Equity ETF were worth $10,212,000 at the end of the most recent quarter.
Several other hedge funds also recently added to or reduced their stakes in SCHD. Mountain Hill Investment Partners Corp. lifted its holdings in shares of Schwab US Dividend Equity ETF by 1,241.8% in the 4th quarter. Mountain Hill Investment Partners Corp. now owns 899 shares of the company’s stock valued at $25,000 after purchasing an additional 832 shares during the last quarter. Merrithew & Thorsten Inc acquired a new stake in shares of Schwab US Dividend Equity ETF in the 4th quarter valued at approximately $25,000. Field & Main Bank purchased a new stake in Schwab US Dividend Equity ETF during the fourth quarter worth about $29,000. Dynamic Wealth Strategies LLC acquired a new stake in shares of Schwab US Dividend Equity ETF in the 4th quarter worth approximately $29,000. Finally, Triumph Capital Management purchased a new position in shares of Schwab US Dividend Equity ETF in the third quarter valued at $33,000.
Schwab US Dividend Equity ETF Stock Performance
SCHD stock opened at $32.39 on Friday. Schwab US Dividend Equity ETF has a 1 year low of $26.21 and a 1 year high of $32.92. The firm has a market cap of $97.46 billion, a P/E ratio of 14.57 and a beta of 0.68. The stock’s 50 day moving average price is $32.04 and its 200 day moving average price is $30.70.
About Schwab US Dividend Equity ETF
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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