Raab & Moskowitz Asset Management LLC raised its position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD – Free Report) by 45.4% in the first quarter, Holdings Channel.com reports. The fund owned 146,815 shares of the company’s stock after acquiring an additional 45,837 shares during the quarter. Schwab US Dividend Equity ETF makes up approximately 1.0% of Raab & Moskowitz Asset Management LLC’s portfolio, making the stock its 27th biggest holding. Raab & Moskowitz Asset Management LLC’s holdings in Schwab US Dividend Equity ETF were worth $4,504,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also made changes to their positions in the company. Brighton Jones LLC lifted its holdings in Schwab US Dividend Equity ETF by 404.6% in the 4th quarter. Brighton Jones LLC now owns 105,089 shares of the company’s stock valued at $2,871,000 after purchasing an additional 84,262 shares in the last quarter. Revolve Wealth Partners LLC grew its holdings in shares of Schwab US Dividend Equity ETF by 206.9% during the fourth quarter. Revolve Wealth Partners LLC now owns 76,685 shares of the company’s stock worth $2,095,000 after buying an additional 51,696 shares in the last quarter. Bison Wealth LLC grew its holdings in shares of Schwab US Dividend Equity ETF by 234.4% during the fourth quarter. Bison Wealth LLC now owns 441,394 shares of the company’s stock worth $12,059,000 after buying an additional 309,400 shares in the last quarter. Goldman Sachs Group Inc. raised its position in shares of Schwab US Dividend Equity ETF by 35.6% in the first quarter. Goldman Sachs Group Inc. now owns 592,953 shares of the company’s stock valued at $16,579,000 after buying an additional 155,769 shares during the last quarter. Finally, United Bank raised its position in shares of Schwab US Dividend Equity ETF by 5.0% in the second quarter. United Bank now owns 195,713 shares of the company’s stock valued at $5,186,000 after buying an additional 9,351 shares during the last quarter.
Schwab US Dividend Equity ETF Trading Up 0.2%
NYSEARCA:SCHD opened at $33.47 on Friday. The company’s 50-day moving average price is $32.51 and its 200-day moving average price is $31.43. The company has a market cap of $103.37 billion, a P/E ratio of 14.57 and a beta of 0.68. Schwab US Dividend Equity ETF has a twelve month low of $26.21 and a twelve month high of $34.24.
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.
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