396,869 Shares in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) Acquired by Sims Investment Management LLC

Sims Investment Management LLC acquired a new position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 396,869 shares of the company’s stock, valued at approximately $10,842,000. Schwab US Dividend Equity ETF comprises 6.1% of Sims Investment Management LLC’s portfolio, making the stock its 5th largest position. Sims Investment Management LLC owned about 0.06% of Schwab US Dividend Equity ETF at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in SCHD. First Trust Direct Indexing L.P. raised its stake in Schwab US Dividend Equity ETF by 21.0% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 10,073 shares of the company’s stock valued at $851,000 after buying an additional 1,745 shares during the last quarter. JFS Wealth Advisors LLC raised its stake in Schwab US Dividend Equity ETF by 61.1% during the 3rd quarter. JFS Wealth Advisors LLC now owns 1,548 shares of the company’s stock valued at $131,000 after buying an additional 587 shares during the last quarter. Baron Silver Stevens Financial Advisors LLC raised its stake in Schwab US Dividend Equity ETF by 14.9% during the 3rd quarter. Baron Silver Stevens Financial Advisors LLC now owns 59,829 shares of the company’s stock valued at $5,057,000 after buying an additional 7,776 shares during the last quarter. ForthRight Wealth Management LLC raised its stake in Schwab US Dividend Equity ETF by 9.2% during the 3rd quarter. ForthRight Wealth Management LLC now owns 335,204 shares of the company’s stock valued at $28,335,000 after buying an additional 28,356 shares during the last quarter. Finally, Stephens Inc. AR raised its stake in Schwab US Dividend Equity ETF by 16.3% during the 3rd quarter. Stephens Inc. AR now owns 262,286 shares of the company’s stock valued at $22,171,000 after buying an additional 36,813 shares during the last quarter.

Schwab US Dividend Equity ETF Trading Up 1.3 %

Shares of SCHD opened at $28.54 on Friday. The firm has a market cap of $69.92 billion, a PE ratio of 17.48 and a beta of 0.88. The firm has a fifty day simple moving average of $27.78 and a two-hundred day simple moving average of $28.09. Schwab US Dividend Equity ETF has a 1-year low of $25.18 and a 1-year high of $29.72.

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.