Perennial Advisors LLC Invests $247,000 in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Perennial Advisors LLC bought a new position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 8,850 shares of the company’s stock, valued at approximately $247,000.

Other hedge funds have also modified their holdings of the company. Ritter Daniher Financial Advisory LLC DE boosted its stake in shares of Schwab US Dividend Equity ETF by 200.0% during the 4th quarter. Ritter Daniher Financial Advisory LLC DE now owns 975 shares of the company’s stock worth $27,000 after acquiring an additional 650 shares in the last quarter. PFG Private Wealth Management LLC raised its position in shares of 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 worth $28,000 after purchasing an additional 686 shares during the last quarter. Moisand Fitzgerald Tamayo LLC raised its position in shares of 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 purchasing an additional 777 shares during the last quarter. Mountain Hill Investment Partners Corp. acquired a new position in shares of Schwab US Dividend Equity ETF during the 4th quarter worth about $29,000. Finally, Morton Brown Family Wealth LLC raised its position in shares of Schwab US Dividend Equity ETF by 200.0% during the 4th quarter. Morton Brown Family Wealth LLC now owns 1,152 shares of the company’s stock worth $31,000 after purchasing an additional 768 shares during the last quarter.

Schwab US Dividend Equity ETF Stock Up 1.2%

SCHD opened at $26.54 on Friday. Schwab US Dividend Equity ETF has a twelve month low of $23.87 and a twelve month high of $29.72. The company has a 50-day moving average price of $25.85 and a 200 day moving average price of $27.26. The company has a market cap of $69.00 billion, a PE ratio of 15.93 and a beta of 0.82.

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.