Gladstone Institutional Advisory LLC Increases Stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Gladstone Institutional Advisory LLC boosted its stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 259.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 140,393 shares of the company’s stock after purchasing an additional 101,294 shares during the period. Gladstone Institutional Advisory LLC’s holdings in Schwab US Dividend Equity ETF were worth $3,836,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the stock. Central Pacific Bank Trust Division grew its holdings in shares of Schwab US Dividend Equity ETF by 200.0% during 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 last quarter. Hoese & Co LLP purchased a new stake in Schwab US Dividend Equity ETF during the 4th quarter valued at about $26,000. IFS Advisors LLC increased its holdings in shares of Schwab US Dividend Equity ETF by 184.4% in the fourth quarter. IFS Advisors LLC now owns 1,078 shares of the company’s stock valued at $29,000 after purchasing an additional 699 shares during the period. Kennebec Savings Bank purchased a new position in shares of Schwab US Dividend Equity ETF in the third quarter worth about $31,000. Finally, Olistico Wealth LLC lifted its holdings in shares of Schwab US Dividend Equity ETF by 202.2% during the fourth quarter. Olistico Wealth LLC now owns 1,118 shares of the company’s stock worth $31,000 after purchasing an additional 748 shares during the period.

Schwab US Dividend Equity ETF Trading Up 0.7 %

Shares of NYSEARCA:SCHD opened at $27.87 on Wednesday. Schwab US Dividend Equity ETF has a twelve month low of $25.16 and a twelve month high of $29.72. The company’s 50 day moving average is $27.81 and its 200 day moving average is $27.99. The company has a market cap of $19.55 billion, a PE 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.