Townsend Asset Management Corp NC ADV Buys 53,247 Shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Townsend Asset Management Corp NC ADV increased its stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 200.6% in 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 79,793 shares of the company’s stock after buying an additional 53,247 shares during the period. Townsend Asset Management Corp NC ADV’s holdings in Schwab US Dividend Equity ETF were worth $2,180,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of SCHD. QRG Capital Management Inc. raised its stake in Schwab US Dividend Equity ETF by 5.3% in the third quarter. QRG Capital Management Inc. now owns 15,402 shares of the company’s stock worth $1,302,000 after buying an additional 772 shares in the last quarter. NorthRock Partners LLC raised its stake in Schwab US Dividend Equity ETF by 174.2% in the third quarter. NorthRock Partners LLC now owns 8,468 shares of the company’s stock worth $716,000 after buying an additional 5,380 shares in the last quarter. Beacon Financial Advisory LLC bought a new position in Schwab US Dividend Equity ETF in the third quarter worth about $282,000. Benchmark Financial Wealth Advisors LLC raised its stake in Schwab US Dividend Equity ETF by 6.7% in the third quarter. Benchmark Financial Wealth Advisors LLC now owns 101,324 shares of the company’s stock worth $8,565,000 after buying an additional 6,386 shares in the last quarter. Finally, White Lighthouse Investment Management Inc. increased its stake in shares of Schwab US Dividend Equity ETF by 1.2% during the third quarter. White Lighthouse Investment Management Inc. now owns 42,706 shares of the company’s stock valued at $3,610,000 after purchasing an additional 494 shares in the last quarter.

Schwab US Dividend Equity ETF Stock Performance

Shares of NYSEARCA SCHD opened at $28.05 on Thursday. Schwab US Dividend Equity ETF has a fifty-two week low of $25.18 and a fifty-two week high of $29.72. The company has a 50 day simple moving average of $27.82 and a two-hundred day simple moving average of $28.12. The company has a market capitalization of $68.72 billion, a price-to-earnings ratio of 17.48 and a beta of 0.88.

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.