Robbins Farley increased its position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD – Free Report) by 16.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 342,610 shares of the company’s stock after acquiring an additional 49,593 shares during the quarter. Schwab US Dividend Equity ETF makes up about 4.2% of Robbins Farley’s portfolio, making the stock its 2nd biggest holding. Robbins Farley’s holdings in Schwab US Dividend Equity ETF were worth $10,864,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of the company. Cassaday & Co Wealth Management LLC raised its stake in Schwab US Dividend Equity ETF by 52.2% during the fourth quarter. Cassaday & Co Wealth Management LLC now owns 9,244,248 shares of the company’s stock worth $253,570,000 after purchasing an additional 3,170,728 shares during the period. Paradiem LLC acquired a new position in Schwab US Dividend Equity ETF in the 1st quarter valued at about $56,258,000. Cibc World Market Inc. grew its stake in shares of Schwab US Dividend Equity ETF by 31.8% in the 4th quarter. Cibc World Market Inc. now owns 7,022,759 shares of the company’s stock valued at $192,634,000 after buying an additional 1,694,144 shares during the period. Keudell Morrison Wealth Management purchased a new stake in shares of Schwab US Dividend Equity ETF in the 4th quarter valued at approximately $43,773,000. Finally, Baer Investment Advisory LLC acquired a new stake in shares of Schwab US Dividend Equity ETF during the 1st quarter worth approximately $46,847,000.
Schwab US Dividend Equity ETF Price Performance
Shares of NYSEARCA SCHD opened at $35.01 on Thursday. The company has a market capitalization of $108.77 billion, a P/E ratio of 14.57 and a beta of 0.67. The company has a 50 day simple moving average of $33.51 and a 200-day simple moving average of $32.21. Schwab US Dividend Equity ETF has a 1 year low of $26.32 and a 1 year high of $35.31.
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.
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