Spinnaker Investment Group LLC Has $61.31 Million Stock Holdings in Schwab US Dividend Equity ETF $SCHD

Spinnaker Investment Group LLC boosted its holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 12.7% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 1,933,604 shares of the company’s stock after buying an additional 218,105 shares during the period. Schwab US Dividend Equity ETF accounts for approximately 9.8% of Spinnaker Investment Group LLC’s holdings, making the stock its 3rd biggest position. Spinnaker Investment Group LLC owned about 0.06% of Schwab US Dividend Equity ETF worth $61,315,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of SCHD. Byrne Asset Management LLC purchased a new stake in shares of Schwab US Dividend Equity ETF during the second quarter worth about $26,000. Mountain Hill Investment Partners Corp. lifted its holdings 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 in the last quarter. Merrithew & Thorsten Inc bought a new position in Schwab US Dividend Equity ETF in the 4th quarter worth approximately $25,000. Field & Main Bank bought a new position in Schwab US Dividend Equity ETF in the 4th quarter worth approximately $29,000. Finally, Ashton Thomas Securities LLC purchased a new stake in Schwab US Dividend Equity ETF during the 1st quarter valued at approximately $32,000.

Schwab US Dividend Equity ETF Stock Performance

Shares of NYSEARCA SCHD opened at $34.19 on Tuesday. The company has a market cap of $106.22 billion, a P/E ratio of 14.57 and a beta of 0.67. Schwab US Dividend Equity ETF has a 52-week low of $26.32 and a 52-week high of $34.24. The firm’s fifty day moving average is $32.66 and its two-hundred day moving average is $31.66.

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.