Hamel Associates Inc. Acquires 124,908 Shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Hamel Associates Inc. lifted its position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 326.9% during the fourth quarter, HoldingsChannel reports. The firm owned 163,121 shares of the company’s stock after buying an additional 124,908 shares during the quarter. Schwab US Dividend Equity ETF comprises 1.4% of Hamel Associates Inc.’s portfolio, making the stock its 27th largest holding. Hamel Associates Inc.’s holdings in Schwab US Dividend Equity ETF were worth $4,456,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its position in shares of Schwab US Dividend Equity ETF by 7.2% during the third quarter. JPMorgan Chase & Co. now owns 1,568,103 shares of the company’s stock worth $132,552,000 after purchasing an additional 104,855 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Schwab US Dividend Equity ETF by 200.0% during the fourth quarter. GAMMA Investing LLC now owns 9,753 shares of the company’s stock worth $266,000 after purchasing an additional 6,502 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Schwab US Dividend Equity ETF during the third quarter worth $163,000. Tenon Financial LLC boosted its position in shares of Schwab US Dividend Equity ETF by 200.1% during the fourth quarter. Tenon Financial LLC now owns 15,121 shares of the company’s stock worth $412,000 after purchasing an additional 10,082 shares in the last quarter. Finally, Summit Wealth & Retirement Planning Inc. boosted its position in shares of Schwab US Dividend Equity ETF by 195.0% during the fourth quarter. Summit Wealth & Retirement Planning Inc. now owns 26,180 shares of the company’s stock worth $715,000 after purchasing an additional 17,305 shares in the last quarter.

Schwab US Dividend Equity ETF Stock Up 1.3 %

Shares of NYSEARCA SCHD opened at $28.54 on Friday. The company’s fifty day moving average is $27.78 and its 200-day moving average is $28.09. The stock has a market cap of $69.92 billion, a price-to-earnings ratio of 17.48 and a beta of 0.88. Schwab US Dividend Equity ETF has a twelve month low of $25.18 and a twelve month high of $29.72.

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.