Grimes & Company Inc. Raises Stock Position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Grimes & Company Inc. lifted its position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 5.7% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,408 shares of the company’s stock after buying an additional 183 shares during the period. Grimes & Company Inc.’s holdings in Schwab US Dividend Equity ETF were worth $275,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of SCHD. Whitaker Myers Wealth Managers LTD. grew its position in Schwab US Dividend Equity ETF by 12.3% during the 4th quarter. Whitaker Myers Wealth Managers LTD. now owns 203,264 shares of the company’s stock worth $15,475,000 after purchasing an additional 22,221 shares during the last quarter. FMR LLC grew its position in Schwab US Dividend Equity ETF by 22.7% during the 3rd quarter. FMR LLC now owns 64,312 shares of the company’s stock worth $4,551,000 after purchasing an additional 11,906 shares during the last quarter. Traynor Capital Management Inc. lifted its stake in Schwab US Dividend Equity ETF by 53.6% during the 1st quarter. Traynor Capital Management Inc. now owns 6,140 shares of the company’s stock valued at $495,000 after acquiring an additional 2,142 shares during the period. Apexium Financial LP lifted its stake in Schwab US Dividend Equity ETF by 27.0% during the 4th quarter. Apexium Financial LP now owns 287,086 shares of the company’s stock valued at $21,856,000 after acquiring an additional 60,972 shares during the period. Finally, Procyon Advisors LLC lifted its stake in Schwab US Dividend Equity ETF by 9.9% during the 4th quarter. Procyon Advisors LLC now owns 4,440 shares of the company’s stock valued at $338,000 after acquiring an additional 401 shares during the period.

Schwab US Dividend Equity ETF Trading Up 0.6 %

NYSEARCA SCHD traded up $0.49 on Friday, hitting $77.76. 3,536,614 shares of the company’s stock traded hands, compared to its average volume of 3,305,000. Schwab US Dividend Equity ETF has a 1-year low of $66.67 and a 1-year high of $80.82. The firm’s 50-day moving average price is $78.12 and its two-hundred day moving average price is $77.60. The firm has a market capitalization of $54.55 billion, a PE ratio of 15.04 and a beta of 0.74.

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.