381,817 Shares in Schwab US Dividend Equity ETF $SCHD Purchased by Baker Ellis Asset Management LLC

Baker Ellis Asset Management LLC purchased a new position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 381,817 shares of the company’s stock, valued at approximately $12,420,000. Schwab US Dividend Equity ETF makes up about 1.3% of Baker Ellis Asset Management LLC’s investment portfolio, making the stock its 23rd biggest holding.

Several other hedge funds have also added to or reduced their stakes in SCHD. Sanders Morris Harris LLC acquired a new stake in Schwab US Dividend Equity ETF in the 3rd quarter valued at approximately $5,837,000. Lodestone Wealth Management LLC lifted its position in Schwab US Dividend Equity ETF by 10.9% during the 3rd quarter. Lodestone Wealth Management LLC now owns 16,280 shares of the company’s stock worth $530,000 after buying an additional 1,603 shares in the last quarter. Seelaus Asset Management LLC raised its holdings in Schwab US Dividend Equity ETF by 5.3% during the third quarter. Seelaus Asset Management LLC now owns 14,162 shares of the company’s stock worth $461,000 after acquiring an additional 713 shares in the last quarter. Focus Financial Network Inc. grew its stake in Schwab US Dividend Equity ETF by 2.0% in the third quarter. Focus Financial Network Inc. now owns 1,855,405 shares of the company’s stock valued at $60,356,000 after purchasing an additional 37,116 shares in the last quarter. Finally, Enclave Advisors LLC lifted its stake in Schwab US Dividend Equity ETF by 3.1% in the third quarter. Enclave Advisors LLC now owns 58,443 shares of the company’s stock valued at $1,901,000 after acquiring an additional 1,731 shares during the last quarter.

Schwab US Dividend Equity ETF Stock Performance

Schwab US Dividend Equity ETF stock traded up $0.34 during midday trading on Wednesday, reaching $33.71. 25,568,474 shares of the company’s stock were exchanged, compared to its average volume of 22,419,781. The stock’s 50-day simple moving average is $34.00 and its 200 day simple moving average is $32.69. The firm has a market cap of $112.62 billion, a price-to-earnings ratio of 14.57 and a beta of 0.68. Schwab US Dividend Equity ETF has a 52 week low of $26.32 and a 52 week high of $35.31.

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.