Pine Haven Investment Counsel Inc Buys 820 Shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Pine Haven Investment Counsel Inc grew its stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 7.0% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,464 shares of the company’s stock after acquiring an additional 820 shares during the quarter. Pine Haven Investment Counsel Inc’s holdings in Schwab US Dividend Equity ETF were worth $348,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in SCHD. Bank of America Corp DE grew its holdings in shares of Schwab US Dividend Equity ETF by 569.6% in the fourth quarter. Bank of America Corp DE now owns 49,630,784 shares of the company’s stock worth $1,355,913,000 after acquiring an additional 42,218,696 shares during the period. LPL Financial LLC boosted its position in Schwab US Dividend Equity ETF by 214.9% in the fourth quarter. LPL Financial LLC now owns 36,314,776 shares of the company’s stock worth $992,120,000 after purchasing an additional 24,783,386 shares during the last quarter. Avantax Advisory Services Inc. grew its stake in shares of Schwab US Dividend Equity ETF by 205.8% during the 4th quarter. Avantax Advisory Services Inc. now owns 26,003,626 shares of the company’s stock valued at $710,419,000 after purchasing an additional 17,501,170 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of Schwab US Dividend Equity ETF during the 4th quarter valued at about $592,939,000. Finally, Envestnet Asset Management Inc. increased its position in shares of Schwab US Dividend Equity ETF by 208.5% during the 4th quarter. Envestnet Asset Management Inc. now owns 19,626,674 shares of the company’s stock valued at $536,201,000 after purchasing an additional 13,264,762 shares during the last quarter.

Schwab US Dividend Equity ETF Stock Up 1.2%

Shares of NYSEARCA:SCHD opened at $26.54 on Friday. The stock has a market capitalization of $69.00 billion, a PE ratio of 15.93 and a beta of 0.82. The firm’s 50 day moving average price is $25.85 and its 200-day moving average price is $27.27. Schwab US Dividend Equity ETF has a twelve month low of $23.87 and a twelve month high of $29.72.

Schwab US Dividend Equity ETF Company 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.