Nicholas Hoffman & Company LLC. Increases Holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Nicholas Hoffman & Company LLC. boosted its position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 55.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,631 shares of the company’s stock after buying an additional 2,717 shares during the quarter. Nicholas Hoffman & Company LLC.’s holdings in Schwab US Dividend Equity ETF were worth $615,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Raleigh Capital Management Inc. purchased a new stake in shares of Schwab US Dividend Equity ETF in the 3rd quarter valued at $28,000. Voisard Asset Management Group Inc. purchased a new stake in Schwab US Dividend Equity ETF during the fourth quarter valued at about $29,000. Signature Resources Capital Management LLC bought a new position in shares of Schwab US Dividend Equity ETF during the fourth quarter valued at about $32,000. Westside Investment Management Inc. bought a new position in shares of Schwab US Dividend Equity ETF during the first quarter valued at about $32,000. Finally, Bear Mountain Capital Inc. purchased a new position in shares of Schwab US Dividend Equity ETF in the fourth quarter worth about $34,000.

Schwab US Dividend Equity ETF Stock Performance

SCHD stock traded down $0.98 during trading on Tuesday, hitting $76.94. 2,423,490 shares of the company traded hands, compared to its average volume of 3,594,438. The company has a 50-day moving average of $78.32 and a 200-day moving average of $75.35. Schwab US Dividend Equity ETF has a 1 year low of $66.67 and a 1 year high of $80.82. The firm has a market capitalization of $53.82 billion, a PE ratio of 14.82 and a beta of 0.77.

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.