BCS Wealth Management Purchases Shares of 285,294 Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

BCS Wealth Management acquired a new position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 285,294 shares of the company’s stock, valued at approximately $7,794,000. Schwab US Dividend Equity ETF makes up 1.9% of BCS Wealth Management’s portfolio, making the stock its 11th largest holding.

A number of other hedge funds have also made changes to their positions in SCHD. JPMorgan Chase & Co. increased its holdings in Schwab US Dividend Equity ETF by 7.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,568,103 shares of the company’s stock valued at $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% in the fourth quarter. GAMMA Investing LLC now owns 9,753 shares of the company’s stock worth $266,000 after buying an additional 6,502 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in shares of Schwab US Dividend Equity ETF in the third quarter worth about $163,000. Synovus Financial Corp grew its stake in shares of Schwab US Dividend Equity ETF by 148.1% in the third quarter. Synovus Financial Corp now owns 42,517 shares of the company’s stock valued at $3,594,000 after buying an additional 25,380 shares in the last quarter. Finally, Anchor Investment Management LLC raised its holdings in shares of Schwab US Dividend Equity ETF by 1.1% during the 3rd quarter. Anchor Investment Management LLC now owns 38,517 shares of the company’s stock valued at $3,256,000 after buying an additional 428 shares during the period.

Schwab US Dividend Equity ETF Stock Up 1.1 %

NYSEARCA SCHD opened at $27.30 on Tuesday. Schwab US Dividend Equity ETF has a fifty-two week low of $24.97 and a fifty-two week high of $29.72. The business has a 50 day moving average price of $28.27 and a two-hundred day moving average price of $27.78. The stock has a market cap of $19.15 billion, a PE ratio of 15.04 and a beta of 0.74.

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.