Chesapeake Wealth Management Raises Stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Chesapeake Wealth Management boosted its position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 203.1% in the 4th quarter, Holdings Channel reports. The institutional investor owned 106,446 shares of the company’s stock after purchasing an additional 71,324 shares during the period. Schwab US Dividend Equity ETF comprises approximately 1.0% of Chesapeake Wealth Management’s investment portfolio, making the stock its 28th largest position. Chesapeake Wealth Management’s holdings in Schwab US Dividend Equity ETF were worth $2,908,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of SCHD. Central Pacific Bank Trust Division lifted its position in Schwab US Dividend Equity ETF by 200.0% in the fourth quarter. Central Pacific Bank Trust Division now owns 906 shares of the company’s stock valued at $25,000 after purchasing an additional 604 shares during the last quarter. Hoese & Co LLP bought a new stake in Schwab US Dividend Equity ETF in the fourth quarter valued at approximately $26,000. IFS Advisors LLC lifted its position in Schwab US Dividend Equity ETF by 184.4% in the fourth quarter. IFS Advisors LLC now owns 1,078 shares of the company’s stock valued at $29,000 after purchasing an additional 699 shares during the last quarter. Kennebec Savings Bank bought a new stake in Schwab US Dividend Equity ETF in the third quarter valued at approximately $31,000. Finally, Barrett & Company Inc. bought a new stake in Schwab US Dividend Equity ETF in the third quarter valued at approximately $34,000.

Schwab US Dividend Equity ETF Stock Performance

Shares of SCHD stock opened at $27.99 on Tuesday. The company has a market capitalization of $19.63 billion, a P/E ratio of 15.04 and a beta of 0.74. The stock has a 50 day moving average price of $28.16 and a two-hundred day moving average price of $27.85. Schwab US Dividend Equity ETF has a fifty-two week low of $25.03 and a fifty-two week high of $29.72.

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.