Prosperity Wealth Management Inc. Has $606,000 Stock Position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Prosperity Wealth Management Inc. grew its holdings in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 237.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,199 shares of the company’s stock after buying an additional 15,612 shares during the quarter. Prosperity Wealth Management Inc.’s holdings in Schwab US Dividend Equity ETF were worth $606,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Kennebec Savings Bank acquired a new position in shares of Schwab US Dividend Equity ETF during the third quarter valued at about $31,000. Legacy Investment Solutions LLC bought a new position in shares of Schwab US Dividend Equity ETF during the third quarter valued at about $34,000. Cassady Schiller Wealth Management LLC bought a new position in shares of Schwab US Dividend Equity ETF during the third quarter valued at about $38,000. Phillips Financial Management LLC lifted its position in shares of Schwab US Dividend Equity ETF by 144.8% during the third quarter. Phillips Financial Management LLC now owns 661 shares of the company’s stock valued at $56,000 after purchasing an additional 391 shares in the last quarter. Finally, Hobbs Group Advisors LLC bought a new position in shares of Schwab US Dividend Equity ETF during the third quarter valued at about $68,000.

Schwab US Dividend Equity ETF Price Performance

SCHD opened at $27.74 on Wednesday. The company’s 50-day moving average is $27.88 and its 200 day moving average is $28.14. Schwab US Dividend Equity ETF has a fifty-two week low of $25.18 and a fifty-two week high of $29.72. The firm has a market capitalization of $68.80 billion, a P/E ratio of 17.56 and a beta of 0.86.

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.