Montis Financial LLC Boosts Stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Montis Financial LLC lifted its holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 244.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 208,317 shares of the company’s stock after buying an additional 147,773 shares during the quarter. Schwab US Dividend Equity ETF accounts for 1.8% of Montis Financial LLC’s portfolio, making the stock its 15th biggest holding. Montis Financial LLC’s holdings in Schwab US Dividend Equity ETF were worth $5,691,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of SCHD. Phillips Financial Management LLC grew its position in shares of Schwab US Dividend Equity ETF by 144.8% in the 3rd quarter. Phillips Financial Management LLC now owns 661 shares of the company’s stock worth $56,000 after acquiring an additional 391 shares in the last quarter. Legacy Investment Solutions LLC acquired a new position in shares of Schwab US Dividend Equity ETF in the 3rd quarter worth approximately $34,000. Anchor Investment Management LLC grew its position in shares of Schwab US Dividend Equity ETF by 1.1% in the 3rd quarter. Anchor Investment Management LLC now owns 38,517 shares of the company’s stock worth $3,256,000 after acquiring an additional 428 shares in the last quarter. Stonebridge Financial Planning Group LLC grew its position in shares of Schwab US Dividend Equity ETF by 1.7% in the 3rd quarter. Stonebridge Financial Planning Group LLC now owns 25,276 shares of the company’s stock worth $2,137,000 after acquiring an additional 430 shares in the last quarter. Finally, Balboa Wealth Partners grew its position in shares of Schwab US Dividend Equity ETF by 4.0% in the 3rd quarter. Balboa Wealth Partners now owns 11,384 shares of the company’s stock worth $962,000 after acquiring an additional 433 shares in the last quarter.

Schwab US Dividend Equity ETF Trading Up 1.3 %

Shares of SCHD opened at $27.64 on Friday. The firm has a market cap of $68.55 billion, a price-to-earnings ratio of 17.56 and a beta of 0.86. The stock has a 50 day moving average of $27.89 and a 200-day moving average of $28.13. Schwab US Dividend Equity ETF has a 52 week low of $25.18 and a 52 week 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.