Perissos Private Wealth Management LLC Buys 16,791 Shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Perissos Private Wealth Management LLC grew its holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 208.9% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 24,830 shares of the company’s stock after acquiring an additional 16,791 shares during the period. Perissos Private Wealth Management LLC’s holdings in Schwab US Dividend Equity ETF were worth $678,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Kennebec Savings Bank acquired a new stake in Schwab US Dividend Equity ETF during the 3rd quarter worth approximately $31,000. Legacy Investment Solutions LLC acquired a new position in Schwab US Dividend Equity ETF in the 3rd quarter valued at $34,000. Barrett & Company Inc. bought a new position in shares of Schwab US Dividend Equity ETF in the 3rd quarter valued at $34,000. Cassady Schiller Wealth Management LLC bought a new position in shares of Schwab US Dividend Equity ETF in the 3rd quarter valued at $38,000. Finally, Phillips Financial Management LLC increased its stake in shares of Schwab US Dividend Equity ETF by 144.8% in the 3rd quarter. Phillips Financial Management LLC now owns 661 shares of the company’s stock valued at $56,000 after purchasing an additional 391 shares during the last quarter.

Schwab US Dividend Equity ETF Stock Up 0.7 %

Shares of SCHD stock opened at $27.87 on Wednesday. The firm has a market capitalization of $19.55 billion, a P/E ratio of 15.04 and a beta of 0.74. Schwab US Dividend Equity ETF has a twelve month low of $25.16 and a twelve month high of $29.72. The stock’s fifty day simple moving average is $27.81 and its 200 day simple moving average is $27.99.

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.