Hurley Capital LLC Buys Shares of 67,408 Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Hurley Capital LLC purchased a new position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 67,408 shares of the company’s stock, valued at approximately $1,850,000. Schwab US Dividend Equity ETF makes up approximately 1.5% of Hurley Capital LLC’s investment portfolio, making the stock its 19th biggest position.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. FMR LLC raised its holdings in Schwab US Dividend Equity ETF by 39.3% during the third quarter. FMR LLC now owns 127,966 shares of the company’s stock worth $10,817,000 after purchasing an additional 36,115 shares in the last quarter. Quantinno Capital Management LP increased its holdings in shares of Schwab US Dividend Equity ETF by 86.9% in the 3rd quarter. Quantinno Capital Management LP now owns 7,738 shares of the company’s stock valued at $654,000 after acquiring an additional 3,598 shares during the period. Two Sigma Advisers LP acquired a new stake in Schwab US Dividend Equity ETF during the 3rd quarter worth $27,329,000. Kovitz Investment Group Partners LLC grew its position in Schwab US Dividend Equity ETF by 18.6% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 17,326 shares of the company’s stock worth $1,465,000 after purchasing an additional 2,720 shares during the last quarter. Finally, Insigneo Advisory Services LLC increased its stake in Schwab US Dividend Equity ETF by 10.0% in the third quarter. Insigneo Advisory Services LLC now owns 40,184 shares of the company’s stock valued at $3,397,000 after purchasing an additional 3,653 shares during the period.

Schwab US Dividend Equity ETF Stock Performance

NYSEARCA:SCHD opened at $25.28 on Friday. Schwab US Dividend Equity ETF has a 1 year low of $25.18 and a 1 year high of $29.72. The stock has a market capitalization of $63.71 billion, a price-to-earnings ratio of 17.12 and a beta of 0.86. The stock has a fifty day moving average price of $27.88 and a two-hundred day moving average price of $28.11.

Schwab US Dividend Equity ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Monday, March 31st. Stockholders of record on Wednesday, March 26th were given a dividend of $0.2488 per share. The ex-dividend date was Wednesday, March 26th.

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.