Schwab US Dividend Equity ETF (NYSEARCA:SCHD) Stake Lifted by Precedent Wealth Partners LLC

Precedent Wealth Partners LLC boosted its position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 170.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 22,917 shares of the company’s stock after purchasing an additional 14,435 shares during the period. Precedent Wealth Partners LLC’s holdings in Schwab US Dividend Equity ETF were worth $626,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Squarepoint Ops LLC boosted its stake in Schwab US Dividend Equity ETF by 16.7% during the second quarter. Squarepoint Ops LLC now owns 51,222 shares of the company’s stock valued at $3,983,000 after buying an additional 7,342 shares in the last quarter. AQR Capital Management LLC bought a new position in shares of Schwab US Dividend Equity ETF during the 2nd quarter valued at about $879,000. Core Wealth Advisors Inc. grew its stake in shares of Schwab US Dividend Equity ETF by 1.9% in the 2nd quarter. Core Wealth Advisors Inc. now owns 15,327 shares of the company’s stock worth $1,192,000 after purchasing an additional 280 shares during the last quarter. Raab & Moskowitz Asset Management LLC raised its holdings in shares of Schwab US Dividend Equity ETF by 33.0% in the 2nd quarter. Raab & Moskowitz Asset Management LLC now owns 23,015 shares of the company’s stock worth $1,790,000 after purchasing an additional 5,704 shares in the last quarter. Finally, Brick & Kyle Associates lifted its stake in Schwab US Dividend Equity ETF by 2.9% during the second quarter. Brick & Kyle Associates now owns 4,551 shares of the company’s stock valued at $354,000 after purchasing an additional 130 shares during the last quarter.

Schwab US Dividend Equity ETF Stock Performance

Shares of NYSEARCA:SCHD opened at $28.07 on Friday. The stock has a market capitalization of $19.69 billion, a price-to-earnings ratio of 15.04 and a beta of 0.74. Schwab US Dividend Equity ETF has a 1-year low of $25.16 and a 1-year high of $29.72. The company has a 50 day moving average price of $28.10 and a 200 day moving average price of $27.90.

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.