Thrive Wealth Management LLC Raises Stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Thrive Wealth Management LLC boosted its holdings in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 25.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,422 shares of the company’s stock after purchasing an additional 3,133 shares during the quarter. Thrive Wealth Management LLC’s holdings in Schwab US Dividend Equity ETF were worth $1,243,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. Sumitomo Life Insurance Co. bought a new position in shares of Schwab US Dividend Equity ETF in the fourth quarter worth about $228,390,000. Focus Financial Network Inc. ADV purchased a new position in shares of Schwab US Dividend Equity ETF in the 4th quarter valued at approximately $95,831,000. International Assets Investment Management LLC purchased a new position in shares of Schwab US Dividend Equity ETF in the 4th quarter valued at approximately $89,561,000. DDD Partners LLC raised its position in shares of Schwab US Dividend Equity ETF by 12,161.9% in the 4th quarter. DDD Partners LLC now owns 488,148 shares of the company’s stock valued at $37,163,000 after purchasing an additional 484,167 shares during the last quarter. Finally, Burkett Financial Services LLC purchased a new position in shares of Schwab US Dividend Equity ETF in the 4th quarter valued at approximately $36,856,000.

Schwab US Dividend Equity ETF Stock Up 0.6 %

Shares of NYSEARCA SCHD traded up $0.45 during midday trading on Friday, reaching $77.72. 428,353 shares of the stock were exchanged, compared to its average volume of 3,279,953. The firm has a market cap of $54.52 billion, a price-to-earnings ratio of 15.04 and a beta of 0.74. Schwab US Dividend Equity ETF has a twelve month low of $66.67 and a twelve month high of $80.82. The firm has a 50-day simple moving average of $78.10 and a two-hundred day simple moving average of $77.54.

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.