Schwab US Dividend Equity ETF (NYSEARCA:SCHD) Shares Bought by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. grew its holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 238.7% in the 4th quarter, Holdings Channel reports. The institutional investor owned 353,594 shares of the company’s stock after buying an additional 249,197 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Schwab US Dividend Equity ETF were worth $9,660,000 at the end of the most recent reporting period.

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

Schwab US Dividend Equity ETF Stock Performance

Shares of SCHD stock opened at $27.96 on Tuesday. The stock has a fifty day moving average price of $27.90 and a 200 day moving average price of $28.13. The stock has a market cap of $69.34 billion, a PE ratio of 17.56 and a beta of 0.86. Schwab US Dividend Equity ETF has a 1 year low of $25.18 and a 1 year high of $29.72.

Schwab US Dividend Equity ETF Profile

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.