Smartleaf Asset Management LLC Raises Stock Holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Smartleaf Asset Management LLC lifted its holdings in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 210.5% in the 4th quarter, Holdings Channel reports. The firm owned 128,727 shares of the company’s stock after acquiring an additional 87,275 shares during the period. Smartleaf Asset Management LLC’s holdings in Schwab US Dividend Equity ETF were worth $3,505,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of SCHD. Central Pacific Bank Trust Division grew its holdings in shares of Schwab US Dividend Equity ETF by 200.0% during the fourth quarter. Central Pacific Bank Trust Division now owns 906 shares of the company’s stock worth $25,000 after purchasing an additional 604 shares in the last quarter. Hoese & Co LLP purchased a new position in shares of Schwab US Dividend Equity ETF during the fourth quarter worth about $26,000. Moisand Fitzgerald Tamayo LLC grew its holdings in shares of Schwab US Dividend Equity ETF by 294.3% during the fourth quarter. Moisand Fitzgerald Tamayo LLC now owns 1,041 shares of the company’s stock worth $28,000 after purchasing an additional 777 shares in the last quarter. IFS Advisors LLC grew its holdings in shares of Schwab US Dividend Equity ETF by 184.4% during the fourth quarter. IFS Advisors LLC now owns 1,078 shares of the company’s stock worth $29,000 after purchasing an additional 699 shares in the last quarter. Finally, Kennebec Savings Bank purchased a new position in shares of Schwab US Dividend Equity ETF during the third quarter worth about $31,000.

Schwab US Dividend Equity ETF Trading Up 1.3 %

Shares of NYSEARCA SCHD opened at $28.54 on Friday. The firm has a market capitalization of $69.92 billion, a price-to-earnings ratio of 17.48 and a beta of 0.88. The business has a 50-day moving average of $27.78 and a 200-day moving average of $28.10. Schwab US Dividend Equity ETF has a 12 month low of $25.18 and a 12 month high of $29.72.

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.