Verus Capital Partners LLC boosted its position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD – Free Report) by 215.5% in the fourth quarter, HoldingsChannel.com reports. The firm owned 353,057 shares of the company’s stock after purchasing an additional 241,170 shares during the quarter. Schwab US Dividend Equity ETF comprises approximately 0.9% of Verus Capital Partners LLC’s investment portfolio, making the stock its 18th biggest holding. Verus Capital Partners LLC’s holdings in Schwab US Dividend Equity ETF were worth $9,646,000 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 SCHD. O ROURKE & COMPANY Inc boosted its stake in Schwab US Dividend Equity ETF by 5.7% during the third quarter. O ROURKE & COMPANY Inc now owns 6,738 shares of the company’s stock valued at $570,000 after buying an additional 366 shares in the last quarter. Kennebec Savings Bank acquired a new stake in Schwab US Dividend Equity ETF in the 3rd quarter valued at about $31,000. Galvin Gaustad & Stein LLC boosted its position in shares of Schwab US Dividend Equity ETF by 2.1% during the 3rd quarter. Galvin Gaustad & Stein LLC now owns 17,987 shares of the company’s stock valued at $1,520,000 after purchasing an additional 377 shares in the last quarter. Phillips Financial Management LLC grew its stake in shares of Schwab US Dividend Equity ETF by 144.8% in the 3rd quarter. Phillips Financial Management LLC now owns 661 shares of the company’s stock worth $56,000 after purchasing an additional 391 shares during the last quarter. Finally, Carmichael Hill & Associates Inc. raised its holdings in shares of Schwab US Dividend Equity ETF by 1.9% in the 3rd quarter. Carmichael Hill & Associates Inc. now owns 21,086 shares of the company’s stock worth $1,782,000 after purchasing an additional 394 shares in the last quarter.
Schwab US Dividend Equity ETF Stock Performance
Shares of NYSEARCA:SCHD opened at $28.17 on Friday. The stock has a market capitalization of $69.02 billion, a price-to-earnings ratio of 17.48 and a beta of 0.88. Schwab US Dividend Equity ETF has a 1-year low of $25.18 and a 1-year high of $29.72. The company has a 50 day moving average price of $27.76 and a 200 day moving average price of $28.08.
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.
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