Islay Capital Management LLC Has $9.67 Million Position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Islay Capital Management LLC increased its position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 6.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 127,046 shares of the company’s stock after acquiring an additional 7,168 shares during the quarter. Schwab US Dividend Equity ETF comprises about 7.5% of Islay Capital Management LLC’s investment portfolio, making the stock its largest position. Islay Capital Management LLC’s holdings in Schwab US Dividend Equity ETF were worth $9,672,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Grey Street Capital LLC raised its position in shares of Schwab US Dividend Equity ETF by 1.0% during the 4th quarter. Grey Street Capital LLC now owns 13,599 shares of the company’s stock valued at $1,035,000 after acquiring an additional 136 shares during the last quarter. Zullo Investment Group Inc. increased its holdings in Schwab US Dividend Equity ETF by 0.5% in the fourth quarter. Zullo Investment Group Inc. now owns 32,014 shares of the company’s stock valued at $2,437,000 after purchasing an additional 144 shares during the last quarter. StrategIQ Financial Group LLC lifted its stake in Schwab US Dividend Equity ETF by 1.0% in the fourth quarter. StrategIQ Financial Group LLC now owns 14,156 shares of the company’s stock valued at $1,078,000 after buying an additional 145 shares during the period. Indie Asset Partners LLC boosted its holdings in Schwab US Dividend Equity ETF by 0.7% during the fourth quarter. Indie Asset Partners LLC now owns 19,890 shares of the company’s stock worth $1,514,000 after buying an additional 146 shares during the last quarter. Finally, Trifecta Capital Advisors LLC increased its stake in shares of Schwab US Dividend Equity ETF by 20.0% in the 3rd quarter. Trifecta Capital Advisors LLC now owns 900 shares of the company’s stock valued at $64,000 after acquiring an additional 150 shares during the last quarter.

Schwab US Dividend Equity ETF Stock Down 0.9 %

NYSEARCA SCHD traded down $0.68 during trading on Tuesday, reaching $77.24. 1,473,067 shares of the stock traded hands, compared to its average volume of 3,581,989. Schwab US Dividend Equity ETF has a fifty-two week low of $66.67 and a fifty-two week high of $80.82. The firm has a market cap of $54.03 billion, a price-to-earnings ratio of 14.82 and a beta of 0.77. The stock’s 50-day moving average price is $78.32 and its 200 day moving average price is $75.31.

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.