Newport Capital Group LLC Increases Stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Newport Capital Group LLC lifted its position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 281.3% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 18,604 shares of the company’s stock after purchasing an additional 13,725 shares during the period. Newport Capital Group LLC’s holdings in Schwab US Dividend Equity ETF were worth $508,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Alpha Financial Partners LLC bought a new stake in Schwab US Dividend Equity ETF in the third quarter valued at $1,283,000. Creative Planning boosted its stake in shares of Schwab US Dividend Equity ETF by 1.9% during the 3rd quarter. Creative Planning now owns 1,341,298 shares of the company’s stock valued at $113,380,000 after purchasing an additional 24,491 shares in the last quarter. Jamison Private Wealth Management Inc. increased its position in shares of Schwab US Dividend Equity ETF by 44.4% during the third quarter. Jamison Private Wealth Management Inc. now owns 2,217 shares of the company’s stock valued at $187,000 after buying an additional 682 shares during the period. BOS Asset Management LLC bought a new position in Schwab US Dividend Equity ETF in the third quarter worth about $217,000. Finally, Firethorn Wealth Partners LLC purchased a new stake in Schwab US Dividend Equity ETF in the third quarter worth about $287,000.

Schwab US Dividend Equity ETF Stock Performance

Shares of NYSEARCA:SCHD opened at $27.85 on Friday. The firm has a market capitalization of $19.54 billion, a P/E ratio of 15.04 and a beta of 0.74. The stock has a 50 day moving average price of $27.76 and a 200-day moving average price of $27.99. Schwab US Dividend Equity ETF has a 52-week low of $25.18 and a 52-week high of $29.72.

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.