Directional Asset Management Purchases New Shares in Schwab US Dividend Equity ETF $SCHD

Directional Asset Management acquired a new position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 82,615 shares of the company’s stock, valued at approximately $2,266,000. Schwab US Dividend Equity ETF makes up approximately 2.0% of Directional Asset Management’s investment portfolio, making the stock its 13th biggest holding.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Colorado Capital Management Inc. boosted its holdings in shares of Schwab US Dividend Equity ETF by 0.9% during the 4th quarter. Colorado Capital Management Inc. now owns 38,637 shares of the company’s stock valued at $1,060,000 after buying an additional 362 shares in the last quarter. Ellis Investment Partners LLC increased its stake in shares of Schwab US Dividend Equity ETF by 1.1% in the 3rd quarter. Ellis Investment Partners LLC now owns 34,365 shares of the company’s stock worth $938,000 after acquiring an additional 375 shares in the last quarter. Westside Investment Management Inc. lifted its position in Schwab US Dividend Equity ETF by 5.6% during the 3rd quarter. Westside Investment Management Inc. now owns 7,204 shares of the company’s stock valued at $198,000 after acquiring an additional 383 shares during the period. International Private Wealth Advisors LLC lifted its position in Schwab US Dividend Equity ETF by 3.3% during the 4th quarter. International Private Wealth Advisors LLC now owns 12,398 shares of the company’s stock valued at $340,000 after acquiring an additional 397 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. boosted its stake in Schwab US Dividend Equity ETF by 3.4% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 12,384 shares of the company’s stock worth $339,000 after acquiring an additional 402 shares in the last quarter.

Schwab US Dividend Equity ETF Stock Performance

Shares of SCHD opened at $31.42 on Friday. The stock has a market cap of $88.63 billion, a PE ratio of 14.57 and a beta of 0.70. Schwab US Dividend Equity ETF has a fifty-two week low of $25.32 and a fifty-two week high of $31.95. The firm’s 50-day simple moving average is $31.00 and its two-hundred day simple moving average is $28.99.

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.