Global Wealth Management LLC Acquires 458,338 Shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Global Wealth Management LLC boosted its stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 198.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 689,235 shares of the company’s stock after purchasing an additional 458,338 shares during the quarter. Schwab US Dividend Equity ETF comprises 12.0% of Global Wealth Management LLC’s portfolio, making the stock its 4th largest holding. Global Wealth Management LLC owned approximately 0.10% of Schwab US Dividend Equity ETF worth $18,830,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Central Pacific Bank Trust Division boosted its holdings in Schwab US Dividend Equity ETF by 200.0% in the 4th quarter. Central Pacific Bank Trust Division now owns 906 shares of the company’s stock valued at $25,000 after purchasing an additional 604 shares during the period. IFS Advisors LLC grew its holdings in shares of Schwab US Dividend Equity ETF by 184.4% in the 4th quarter. IFS Advisors LLC now owns 1,078 shares of the company’s stock worth $29,000 after purchasing an additional 699 shares during the last quarter. Kennebec Savings Bank bought a new position in shares of Schwab US Dividend Equity ETF in the third quarter valued at approximately $31,000. Barrett & Company Inc. acquired a new position in Schwab US Dividend Equity ETF in the third quarter worth $34,000. Finally, Legacy Investment Solutions LLC acquired a new stake in shares of Schwab US Dividend Equity ETF in the 3rd quarter valued at $34,000.

Schwab US Dividend Equity ETF Stock Up 0.6 %

Shares of Schwab US Dividend Equity ETF stock opened at $27.99 on Monday. The stock has a market cap of $19.63 billion, a PE ratio of 15.04 and a beta of 0.74. The business has a fifty day simple moving average of $28.19 and a 200 day simple moving average of $27.84. Schwab US Dividend Equity ETF has a 12 month low of $25.03 and a 12 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.