Payne Capital LLC Buys 219,303 Shares of Schwab US Dividend Equity ETF $SCHD

Payne Capital LLC boosted its stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 1,281.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 236,418 shares of the company’s stock after acquiring an additional 219,303 shares during the period. Schwab US Dividend Equity ETF accounts for about 6.7% of Payne Capital LLC’s portfolio, making the stock its 4th biggest position. Payne Capital LLC’s holdings in Schwab US Dividend Equity ETF were worth $7,253,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SCHD. Mountain Hill Investment Partners Corp. increased its position in shares of Schwab US Dividend Equity ETF by 1,241.8% in the fourth quarter. Mountain Hill Investment Partners Corp. now owns 899 shares of the company’s stock worth $25,000 after purchasing an additional 832 shares during the period. Merrithew & Thorsten Inc bought a new stake in Schwab US Dividend Equity ETF during the fourth quarter worth about $25,000. Field & Main Bank bought a new stake in Schwab US Dividend Equity ETF during the fourth quarter worth about $29,000. Dynamic Wealth Strategies LLC acquired a new stake in Schwab US Dividend Equity ETF during the fourth quarter worth about $29,000. Finally, Triumph Capital Management acquired a new stake in Schwab US Dividend Equity ETF during the third quarter worth about $33,000.

Schwab US Dividend Equity ETF Stock Up 0.8%

SCHD stock opened at $31.96 on Friday. The company’s 50-day moving average price is $31.93 and its two-hundred day moving average price is $30.55. The firm has a market cap of $90.72 billion, a P/E ratio of 14.57 and a beta of 0.67. Schwab US Dividend Equity ETF has a 12 month low of $26.21 and a 12 month high of $32.92.

Schwab US Dividend Equity ETF 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.