Chapin Davis Inc. Purchases 1,101 Shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Chapin Davis Inc. boosted its holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 14.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,575 shares of the company’s stock after buying an additional 1,101 shares during the quarter. Chapin Davis Inc.’s holdings in Schwab US Dividend Equity ETF were worth $667,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Traynor Capital Management Inc. increased its stake in shares of Schwab US Dividend Equity ETF by 53.6% in the first quarter. Traynor Capital Management Inc. now owns 6,140 shares of the company’s stock valued at $495,000 after buying an additional 2,142 shares during the period. Concurrent Investment Advisors LLC raised its holdings in Schwab US Dividend Equity ETF by 332.8% during the 1st quarter. Concurrent Investment Advisors LLC now owns 19,005 shares of the company’s stock worth $1,532,000 after purchasing an additional 14,614 shares during the last quarter. Tidal Investments LLC acquired a new position in shares of Schwab US Dividend Equity ETF in the 1st quarter worth approximately $310,000. Apexium Financial LP boosted its stake in shares of Schwab US Dividend Equity ETF by 27.0% in the 4th quarter. Apexium Financial LP now owns 287,086 shares of the company’s stock valued at $21,856,000 after purchasing an additional 60,972 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC increased its position in shares of Schwab US Dividend Equity ETF by 576.5% during the first quarter. O Shaughnessy Asset Management LLC now owns 11,859 shares of the company’s stock worth $956,000 after buying an additional 10,106 shares during the period.

Schwab US Dividend Equity ETF Trading Up 0.5 %

SCHD stock traded up $0.37 during midday trading on Friday, hitting $81.96. The stock had a trading volume of 2,131,706 shares, compared to its average volume of 3,262,148. The firm has a market cap of $57.49 billion, a P/E ratio of 15.04 and a beta of 0.74. The business has a fifty day moving average price of $79.34 and a two-hundred day moving average price of $78.56. Schwab US Dividend Equity ETF has a 1-year low of $66.67 and a 1-year high of $83.19.

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.