Riverbend Wealth Management LLC Acquires Shares of 15,601 Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Riverbend Wealth Management LLC bought a new position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 15,601 shares of the company’s stock, valued at approximately $426,000.

A number of other hedge funds have also made changes to their positions in SCHD. Central Pacific Bank Trust Division grew its stake in Schwab US Dividend Equity ETF by 200.0% during the fourth quarter. Central Pacific Bank Trust Division now owns 906 shares of the company’s stock worth $25,000 after buying an additional 604 shares during the last quarter. Hoese & Co LLP bought a new stake in Schwab US Dividend Equity ETF during the 4th quarter worth approximately $26,000. Moisand Fitzgerald Tamayo LLC grew its position in Schwab US Dividend Equity ETF by 294.3% during the 4th quarter. Moisand Fitzgerald Tamayo LLC now owns 1,041 shares of the company’s stock worth $28,000 after acquiring an additional 777 shares during the last quarter. PFG Private Wealth Management LLC increased 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 valued at $28,000 after purchasing an additional 686 shares in the last quarter. Finally, IFS Advisors LLC raised its position in 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 valued at $29,000 after purchasing an additional 699 shares during the last quarter.

Schwab US Dividend Equity ETF Stock Down 0.3 %

Schwab US Dividend Equity ETF stock opened at $28.38 on Tuesday. The stock has a 50-day simple moving average of $27.87 and a 200 day simple moving average of $28.14. The stock has a market capitalization of $70.38 billion, a price-to-earnings ratio of 17.56 and a beta of 0.86. Schwab US Dividend Equity ETF has a 12-month low of $25.18 and a 12-month 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.