Wealth Effects LLC Purchases 9,523 Shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Wealth Effects LLC boosted its holdings in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 198.8% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 14,314 shares of the company’s stock after buying an additional 9,523 shares during the period. Wealth Effects LLC’s holdings in Schwab US Dividend Equity ETF were worth $391,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in SCHD. Colorado Capital Management Inc. boosted its position in shares of Schwab US Dividend Equity ETF by 1.1% during the 3rd quarter. Colorado Capital Management Inc. now owns 11,596 shares of the company’s stock valued at $980,000 after acquiring an additional 121 shares during the last quarter. Ascent Group LLC raised its stake in Schwab US Dividend Equity ETF by 1.2% in the second quarter. Ascent Group LLC now owns 12,091 shares of the company’s stock valued at $940,000 after purchasing an additional 145 shares in the last quarter. Sunflower Bank N.A. lifted its position in Schwab US Dividend Equity ETF by 4.2% during the third quarter. Sunflower Bank N.A. now owns 4,542 shares of the company’s stock valued at $384,000 after purchasing an additional 185 shares during the last quarter. Sound Income Strategies LLC grew its stake in Schwab US Dividend Equity ETF by 12.5% in the 3rd quarter. Sound Income Strategies LLC now owns 1,720 shares of the company’s stock worth $145,000 after buying an additional 191 shares in the last quarter. Finally, waypoint wealth counsel increased its holdings in shares of Schwab US Dividend Equity ETF by 0.9% in the 3rd quarter. waypoint wealth counsel now owns 24,844 shares of the company’s stock worth $2,100,000 after buying an additional 215 shares during the last quarter.

Schwab US Dividend Equity ETF Stock Performance

NYSEARCA SCHD opened at $28.45 on Tuesday. Schwab US Dividend Equity ETF has a 52-week low of $25.16 and a 52-week high of $29.72. The company has a fifty day moving average of $28.10 and a 200-day moving average of $27.92. The company has a market capitalization of $19.96 billion, a P/E ratio of 15.04 and a beta of 0.74.

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.