Mezzasalma Advisors LLC Buys 12,793 Shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Mezzasalma Advisors LLC raised its stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 196.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,289 shares of the company’s stock after acquiring an additional 12,793 shares during the quarter. Mezzasalma Advisors LLC’s holdings in Schwab US Dividend Equity ETF were worth $527,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Kennebec Savings Bank bought a new position in Schwab US Dividend Equity ETF in the third quarter valued at about $31,000. Legacy Investment Solutions LLC acquired a new position in Schwab US Dividend Equity ETF during the 3rd quarter valued at about $34,000. Barrett & Company Inc. bought a new position in shares of Schwab US Dividend Equity ETF in the 3rd quarter valued at about $34,000. Cassady Schiller Wealth Management LLC acquired a new stake in shares of Schwab US Dividend Equity ETF during the 3rd quarter worth approximately $38,000. Finally, Phillips Financial Management LLC grew its position in shares of Schwab US Dividend Equity ETF by 144.8% during the 3rd quarter. Phillips Financial Management LLC now owns 661 shares of the company’s stock worth $56,000 after buying an additional 391 shares during the period.

Schwab US Dividend Equity ETF Price Performance

Shares of NYSEARCA SCHD opened at $27.56 on Friday. Schwab US Dividend Equity ETF has a fifty-two week low of $25.16 and a fifty-two week high of $29.72. The firm has a market capitalization of $19.33 billion, a P/E ratio of 15.04 and a beta of 0.74. The company’s 50 day simple moving average is $27.89 and its 200 day simple moving average is $27.97.

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.