Clear Point Advisors Inc. Acquires 19,782 Shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Clear Point Advisors Inc. raised its position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 201.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,604 shares of the company’s stock after buying an additional 19,782 shares during the quarter. Clear Point Advisors Inc.’s holdings in Schwab US Dividend Equity ETF were worth $809,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SCHD. Kennebec Savings Bank acquired a new stake in shares of Schwab US Dividend Equity ETF during the 3rd quarter worth $31,000. Legacy Investment Solutions LLC bought a new position in Schwab US Dividend Equity ETF in the third quarter valued at about $34,000. Barrett & Company Inc. bought a new position in shares of Schwab US Dividend Equity ETF during the third quarter worth about $34,000. Cassady Schiller Wealth Management LLC bought a new position in shares of Schwab US Dividend Equity ETF during the third quarter worth about $38,000. Finally, Phillips Financial Management LLC grew its stake in Schwab US Dividend Equity ETF by 144.8% during the third 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 period.

Schwab US Dividend Equity ETF Price Performance

NYSEARCA SCHD opened at $27.99 on Wednesday. The business has a 50 day simple moving average of $27.70 and a 200 day simple moving average of $28.01. Schwab US Dividend Equity ETF has a one year low of $25.18 and a one year high of $29.72. The stock has a market capitalization of $68.58 billion, a P/E ratio of 17.48 and a beta of 0.88.

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.