King Luther Capital Management Corp Acquires 59,709 Shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

King Luther Capital Management Corp raised its stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 198.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 89,798 shares of the company’s stock after purchasing an additional 59,709 shares during the period. King Luther Capital Management Corp’s holdings in Schwab US Dividend Equity ETF were worth $2,453,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SCHD. Central Pacific Bank Trust Division boosted its stake in shares of Schwab US Dividend Equity ETF by 200.0% in the 4th quarter. Central Pacific Bank Trust Division now owns 906 shares of the company’s stock valued at $25,000 after purchasing an additional 604 shares during the last quarter. Hoese & Co LLP bought a new stake in Schwab US Dividend Equity ETF during the fourth quarter valued at $26,000. Moisand Fitzgerald Tamayo LLC boosted its position in Schwab US Dividend Equity ETF by 294.3% during the fourth quarter. Moisand Fitzgerald Tamayo LLC now owns 1,041 shares of the company’s stock valued at $28,000 after acquiring an additional 777 shares during the last quarter. PFG Private Wealth Management LLC grew its holdings in Schwab US Dividend Equity ETF by 200.0% during the 4th quarter. PFG Private Wealth Management LLC now owns 1,029 shares of the company’s stock worth $28,000 after acquiring an additional 686 shares during the period. Finally, IFS Advisors LLC raised its position in shares of Schwab US Dividend Equity ETF by 184.4% in the 4th quarter. IFS Advisors LLC now owns 1,078 shares of the company’s stock worth $29,000 after acquiring an additional 699 shares in the last quarter.

Schwab US Dividend Equity ETF Price Performance

Shares of Schwab US Dividend Equity ETF stock opened at $27.44 on Thursday. The firm has a market cap of $68.05 billion, a price-to-earnings ratio of 17.56 and a beta of 0.86. The stock’s 50-day moving average is $27.88 and its 200 day moving average is $28.14. Schwab US Dividend Equity ETF has a one year low of $25.18 and a one 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.