Schwab US Dividend Equity ETF (NYSEARCA:SCHD) is Diversified Enterprises LLC’s 2nd Largest Position

Diversified Enterprises LLC raised its position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 230.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,994,453 shares of the company’s stock after acquiring an additional 2,784,824 shares during the period. Schwab US Dividend Equity ETF makes up 10.4% of Diversified Enterprises LLC’s portfolio, making the stock its 2nd biggest position. Diversified Enterprises LLC’s holdings in Schwab US Dividend Equity ETF were worth $109,128,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. First Financial Group Corp purchased a new stake in shares of Schwab US Dividend Equity ETF in the fourth quarter worth about $875,000. Harbour Investment Management LLC acquired a new position in shares of Schwab US Dividend Equity ETF in the fourth quarter worth about $572,000. Clearstead Trust LLC lifted its stake in shares of Schwab US Dividend Equity ETF by 295.5% in the fourth quarter. Clearstead Trust LLC now owns 91,223 shares of the company’s stock worth $2,492,000 after acquiring an additional 68,157 shares in the last quarter. Montis Financial LLC raised its stake in Schwab US Dividend Equity ETF by 244.1% during the fourth quarter. Montis Financial LLC now owns 208,317 shares of the company’s stock valued at $5,691,000 after buying an additional 147,773 shares in the last quarter. Finally, Kestra Advisory Services LLC raised its stake in Schwab US Dividend Equity ETF by 196.6% during the fourth quarter. Kestra Advisory Services LLC now owns 4,671,268 shares of the company’s stock valued at $127,619,000 after buying an additional 3,096,436 shares in the last quarter.

Schwab US Dividend Equity ETF Stock Up 1.3 %

Shares of NYSEARCA SCHD opened at $27.64 on Friday. The stock’s 50 day moving average price is $27.89 and its two-hundred day moving average price is $28.13. Schwab US Dividend Equity ETF has a 52-week low of $25.18 and a 52-week high of $29.72. The stock has a market capitalization of $68.55 billion, a P/E ratio of 17.56 and a beta of 0.86.

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.