Sax Wealth Advisors LLC Purchases 23,408 Shares of Schwab US Dividend Equity ETF $SCHD

Sax Wealth Advisors LLC increased its position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 146.0% in the second quarter, Holdings Channel.com reports. The firm owned 39,444 shares of the company’s stock after purchasing an additional 23,408 shares during the quarter. Sax Wealth Advisors LLC’s holdings in Schwab US Dividend Equity ETF were worth $1,210,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the company. Mountain Hill Investment Partners Corp. raised its position in 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 worth $25,000 after purchasing an additional 832 shares during the period. Merrithew & Thorsten Inc purchased a new position in shares of Schwab US Dividend Equity ETF during the fourth quarter valued at approximately $25,000. Byrne Asset Management LLC bought a new position in shares of Schwab US Dividend Equity ETF during the second quarter valued at approximately $26,000. Field & Main Bank bought a new position in shares of Schwab US Dividend Equity ETF during the fourth quarter valued at approximately $29,000. Finally, Dynamic Wealth Strategies LLC purchased a new stake in shares of Schwab US Dividend Equity ETF in the fourth quarter worth approximately $29,000.

Schwab US Dividend Equity ETF Stock Performance

Shares of SCHD stock opened at $33.90 on Monday. The stock has a 50 day moving average price of $32.62 and a 200 day moving average price of $31.63. Schwab US Dividend Equity ETF has a 52-week low of $26.32 and a 52-week high of $34.24. The firm has a market capitalization of $105.32 billion, a P/E ratio of 14.57 and a beta of 0.67.

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.