Schwab US Dividend Equity ETF (NYSEARCA:SCHD) Shares Acquired by Pasadena Private Wealth LLC

Pasadena Private Wealth LLC boosted its stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 204.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 66,170 shares of the company’s stock after buying an additional 44,417 shares during the period. Pasadena Private Wealth LLC’s holdings in Schwab US Dividend Equity ETF were worth $1,808,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of SCHD. Central Pacific Bank Trust Division increased its stake in shares of Schwab US Dividend Equity ETF by 200.0% during the fourth quarter. Central Pacific Bank Trust Division now owns 906 shares of the company’s stock worth $25,000 after buying an additional 604 shares during the period. Hoese & Co LLP purchased a new position in shares of Schwab US Dividend Equity ETF during the fourth quarter worth about $26,000. IFS Advisors LLC increased its holdings in shares of Schwab US Dividend Equity ETF by 184.4% in the fourth quarter. IFS Advisors LLC now owns 1,078 shares of the company’s stock valued at $29,000 after purchasing an additional 699 shares during the period. Kennebec Savings Bank purchased a new position in Schwab US Dividend Equity ETF during the 3rd quarter worth $31,000. Finally, Olistico Wealth LLC raised its holdings in Schwab US Dividend Equity ETF by 202.2% during the fourth quarter. Olistico Wealth LLC now owns 1,118 shares of the company’s stock worth $31,000 after purchasing an additional 748 shares in the last quarter.

Schwab US Dividend Equity ETF Stock Up 0.7 %

Shares of SCHD opened at $27.99 on Wednesday. The company has a market capitalization of $68.58 billion, a PE ratio of 17.48 and a beta of 0.88. The company has a 50-day simple moving average of $27.70 and a 200-day simple moving average of $28.01. Schwab US Dividend Equity ETF has a 52-week low of $25.18 and a 52-week 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.