Spinnaker Investment Group LLC raised its holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD – Free Report) by 12.7% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,933,604 shares of the company’s stock after acquiring an additional 218,105 shares during the quarter. Schwab US Dividend Equity ETF makes up 9.8% of Spinnaker Investment Group LLC’s holdings, making the stock its 3rd largest holding. Spinnaker Investment Group LLC’s holdings in Schwab US Dividend Equity ETF were worth $61,315,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Mountain Hill Investment Partners Corp. boosted its stake in shares of Schwab US Dividend Equity ETF by 1,241.8% during the fourth quarter. Mountain Hill Investment Partners Corp. now owns 899 shares of the company’s stock valued at $25,000 after purchasing an additional 832 shares during the period. Merrithew & Thorsten Inc purchased a new position in Schwab US Dividend Equity ETF in the 4th quarter worth about $25,000. Byrne Asset Management LLC bought a new stake in Schwab US Dividend Equity ETF during the 2nd quarter valued at about $26,000. Field & Main Bank bought a new stake in Schwab US Dividend Equity ETF during the 4th quarter valued at about $29,000. Finally, Dynamic Wealth Strategies LLC purchased a new stake in Schwab US Dividend Equity ETF in the 4th quarter valued at about $29,000.
Schwab US Dividend Equity ETF Price Performance
Shares of SCHD stock opened at $34.19 on Tuesday. The company has a market capitalization of $106.22 billion, a P/E ratio of 14.57 and a beta of 0.67. The company’s 50-day simple moving average is $32.66 and its two-hundred day simple moving average is $31.66. Schwab US Dividend Equity ETF has a one year low of $26.32 and a one year 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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