Asset Allocation & Management Company LLC Raises Stock Position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Asset Allocation & Management Company LLC boosted its position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 299.8% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 147,168 shares of the company’s stock after purchasing an additional 110,362 shares during the period. Schwab US Dividend Equity ETF makes up approximately 2.2% of Asset Allocation & Management Company LLC’s holdings, making the stock its 10th biggest position. Asset Allocation & Management Company LLC’s holdings in Schwab US Dividend Equity ETF were worth $4,021,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Central Pacific Bank Trust Division lifted its holdings 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 buying an additional 604 shares during the period. Kennebec Savings Bank acquired a new position in shares of Schwab US Dividend Equity ETF during the third quarter valued at about $31,000. Barrett & Company Inc. acquired a new position in shares of Schwab US Dividend Equity ETF during the third quarter valued at about $34,000. Legacy Investment Solutions LLC acquired a new position in shares of Schwab US Dividend Equity ETF during the third quarter valued at about $34,000. Finally, Cassady Schiller Wealth Management LLC acquired a new position in shares of Schwab US Dividend Equity ETF during the third quarter valued at about $38,000.

Schwab US Dividend Equity ETF Stock Performance

Shares of NYSEARCA SCHD traded up $0.13 during trading on Monday, hitting $27.14. 11,004,204 shares of the company traded hands, compared to its average volume of 16,270,939. The business’s fifty day moving average is $28.29 and its 200 day moving average is $27.77. Schwab US Dividend Equity ETF has a fifty-two week low of $24.97 and a fifty-two week high of $29.72. The firm has a market capitalization of $19.04 billion, a price-to-earnings ratio of 15.04 and a beta of 0.74.

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.