Asset Allocation & Management Company LLC increased its holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD – Free Report) by 299.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 147,168 shares of the company’s stock after buying an additional 110,362 shares during the period. Schwab US Dividend Equity ETF accounts for 2.2% of Asset Allocation & Management Company LLC’s holdings, making the stock its 10th largest position. Asset Allocation & Management Company LLC’s holdings in Schwab US Dividend Equity ETF were worth $4,021,000 as of its most recent SEC filing.
A number of other hedge funds have also added to or reduced their stakes in SCHD. Central Pacific Bank Trust Division increased its stake in Schwab US Dividend Equity ETF by 200.0% in the fourth quarter. Central Pacific Bank Trust Division now owns 906 shares of the company’s stock valued at $25,000 after acquiring an additional 604 shares during the last quarter. Kennebec Savings Bank bought a new position in Schwab US Dividend Equity ETF in the third quarter valued at approximately $31,000. Barrett & Company Inc. bought a new stake in shares of Schwab US Dividend Equity ETF during the third quarter worth $34,000. Legacy Investment Solutions LLC bought a new stake in shares of Schwab US Dividend Equity ETF during the third quarter worth $34,000. Finally, Cassady Schiller Wealth Management LLC bought a new stake in shares of Schwab US Dividend Equity ETF during the third quarter worth $38,000.
Schwab US Dividend Equity ETF Stock Up 0.5 %
Shares of NYSEARCA SCHD traded up $0.13 during midday trading on Monday, reaching $27.14. 11,004,204 shares of the company were exchanged, compared to its average volume of 16,270,939. The stock’s 50-day moving average price is $28.29 and its 200-day moving average price is $27.77. The stock has a market cap of $19.04 billion, a P/E ratio of 15.04 and a beta of 0.74. Schwab US Dividend Equity ETF has a one year low of $24.97 and a one year 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.
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