Lindbrook Capital LLC Purchases 1,709 Shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Lindbrook Capital LLC boosted its position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 247.3% in the 4th quarter, HoldingsChannel reports. The firm owned 2,400 shares of the company’s stock after buying an additional 1,709 shares during the period. Lindbrook Capital LLC’s holdings in Schwab US Dividend Equity ETF were worth $66,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SCHD. QRG Capital Management Inc. increased its position in Schwab US Dividend Equity ETF by 5.3% in the 3rd quarter. QRG Capital Management Inc. now owns 15,402 shares of the company’s stock valued at $1,302,000 after acquiring an additional 772 shares in the last quarter. Beckerman Institutional LLC acquired a new stake in Schwab US Dividend Equity ETF in the 3rd quarter valued at about $2,664,000. CWA Asset Management Group LLC acquired a new stake in Schwab US Dividend Equity ETF in the 3rd quarter valued at about $1,238,000. Galvin Gaustad & Stein LLC grew 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 worth $1,520,000 after buying an additional 377 shares during the period. Finally, Washington Trust Advisors Inc. grew its position in shares of Schwab US Dividend Equity ETF by 97.6% during the 3rd quarter. Washington Trust Advisors Inc. now owns 5,195 shares of the company’s stock worth $439,000 after buying an additional 2,566 shares during the period.

Schwab US Dividend Equity ETF Price Performance

Shares of NYSEARCA:SCHD opened at $28.46 on Friday. Schwab US Dividend Equity ETF has a one year low of $25.18 and a one year high of $29.72. The company has a 50 day moving average of $27.85 and a 200-day moving average of $28.13. The stock has a market cap of $69.73 billion, a price-to-earnings ratio of 17.56 and a beta of 0.88.

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.