Orographic Financial Advisors LLC purchased a new position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD – Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 136,232 shares of the company’s stock, valued at approximately $4,179,000. Schwab US Dividend Equity ETF makes up 3.0% of Orographic Financial Advisors LLC’s portfolio, making the stock its 5th largest position.
A number of other hedge funds have also added to or reduced their stakes in SCHD. Mountain Hill Investment Partners Corp. lifted its position in shares of Schwab US Dividend Equity ETF by 1,241.8% during the 4th quarter. Mountain Hill Investment Partners Corp. now owns 899 shares of the company’s stock worth $25,000 after buying an additional 832 shares during the last quarter. Merrithew & Thorsten Inc bought a new position in Schwab US Dividend Equity ETF in the fourth quarter valued at about $25,000. Field & Main Bank bought a new position in Schwab US Dividend Equity ETF in the fourth quarter valued at about $29,000. Dynamic Wealth Strategies LLC acquired a new position in Schwab US Dividend Equity ETF during the fourth quarter worth about $29,000. Finally, Ashton Thomas Securities LLC acquired a new position in Schwab US Dividend Equity ETF during the first quarter worth about $32,000.
Schwab US Dividend Equity ETF Trading Down 1.2%
SCHD stock opened at $33.41 on Friday. The stock has a market capitalization of $103.19 billion, a P/E ratio of 14.57 and a beta of 0.68. Schwab US Dividend Equity ETF has a 12 month low of $26.21 and a 12 month high of $34.24. The firm has a 50-day moving average price of $32.50 and a 200-day moving average price of $31.42.
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.
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