Grantvest Financial Group LLC Invests $1.77 Million in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Grantvest Financial Group LLC acquired a new position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 64,889 shares of the company’s stock, valued at approximately $1,773,000. Schwab US Dividend Equity ETF accounts for approximately 2.0% of Grantvest Financial Group LLC’s portfolio, making the stock its 9th largest position.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Haverford Trust Co grew its stake in Schwab US Dividend Equity ETF by 188.8% in the 4th quarter. Haverford Trust Co now owns 17,216 shares of the company’s stock worth $470,000 after acquiring an additional 11,255 shares during the period. Towercrest Capital Management raised its holdings in shares of Schwab US Dividend Equity ETF by 191.9% during the 4th quarter. Towercrest Capital Management now owns 206,821 shares of the company’s stock valued at $5,650,000 after buying an additional 135,977 shares during the period. Woodmont Investment Counsel LLC lifted its holdings in Schwab US Dividend Equity ETF by 403.8% in the 4th quarter. Woodmont Investment Counsel LLC now owns 12,445 shares of the company’s stock worth $340,000 after buying an additional 9,975 shares in the last quarter. Congress Wealth Management LLC DE increased its holdings in Schwab US Dividend Equity ETF by 198.5% during the 4th quarter. Congress Wealth Management LLC DE now owns 293,119 shares of the company’s stock worth $8,008,000 after purchasing an additional 194,935 shares during the last quarter. Finally, Clune & Associates LTD. acquired a new stake in Schwab US Dividend Equity ETF in the fourth quarter valued at $901,000.

Schwab US Dividend Equity ETF Price Performance

SCHD stock opened at $27.76 on Monday. Schwab US Dividend Equity ETF has a 1-year low of $25.18 and a 1-year high of $29.72. The firm has a market cap of $68.84 billion, a price-to-earnings ratio of 17.56 and a beta of 0.86. The firm has a fifty day moving average price of $27.95 and a two-hundred day moving average price of $28.13.

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.