Beacon Advisors Holdings LLC bought a new position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD – Free Report) during the 4th quarter, Holdings Channel.com reports. The firm bought 229,827 shares of the company’s stock, valued at approximately $6,304,000. Schwab US Dividend Equity ETF makes up 3.3% of Beacon Advisors Holdings LLC’s investment portfolio, making the stock its 14th biggest position.
A number of other hedge funds also recently made changes to their positions in SCHD. JPMorgan Chase & Co. raised its stake in shares of Schwab US Dividend Equity ETF by 2.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,616,851 shares of the company’s stock valued at $126,040,000 after acquiring an additional 95,857 shares during the period. Elmwood Wealth Management Inc. acquired a new position in shares of Schwab US Dividend Equity ETF in the fourth quarter worth about $1,003,000. Bell Bank boosted its stake in shares of Schwab US Dividend Equity ETF by 53.3% during the 4th quarter. Bell Bank now owns 104,155 shares of the company’s stock valued at $2,857,000 after buying an additional 36,212 shares during the last quarter. Aspire Capital Advisors LLC boosted its stake in Schwab US Dividend Equity ETF by 2.9% during the 4th quarter. Aspire Capital Advisors LLC now owns 1,063,961 shares of the company’s stock valued at $29,184,000 after acquiring an additional 30,146 shares during the last quarter. Finally, BIP Wealth LLC bought a new position in shares of Schwab US Dividend Equity ETF during the fourth quarter worth about $1,589,000.
Schwab US Dividend Equity ETF Trading Down 0.2%
Shares of SCHD opened at $31.86 on Friday. Schwab US Dividend Equity ETF has a 52 week low of $26.16 and a 52 week high of $32.92. The stock has a 50 day moving average of $31.82 and a 200-day moving average of $30.40. The firm has a market cap of $90.44 billion, a price-to-earnings ratio of 14.57 and a beta of 0.67.
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.
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Want to see what other hedge funds are holding SCHD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Schwab US Dividend Equity ETF (NYSEARCA:SCHD – Free Report).
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