Howland Capital Management LLC Invests $258,000 in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Howland Capital Management LLC purchased a new position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 3,205 shares of the company’s stock, valued at approximately $258,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Evergreen Advisors LLC grew its holdings in shares of Schwab US Dividend Equity ETF by 1.9% during the first quarter. Evergreen Advisors LLC now owns 429,265 shares of the company’s stock worth $34,612,000 after buying an additional 7,830 shares in the last quarter. 9258 Wealth Management LLC acquired a new stake in shares of Schwab US Dividend Equity ETF in the first quarter worth approximately $678,000. Team Hewins LLC boosted its position in shares of Schwab US Dividend Equity ETF by 5.6% in the first quarter. Team Hewins LLC now owns 4,345 shares of the company’s stock worth $350,000 after acquiring an additional 231 shares during the last quarter. Joseph P. Lucia & Associates LLC boosted its position in shares of Schwab US Dividend Equity ETF by 3.1% in the first quarter. Joseph P. Lucia & Associates LLC now owns 53,258 shares of the company’s stock worth $4,294,000 after acquiring an additional 1,617 shares during the last quarter. Finally, Glassman Wealth Services boosted its position in shares of Schwab US Dividend Equity ETF by 7.1% in the first quarter. Glassman Wealth Services now owns 2,398 shares of the company’s stock worth $193,000 after acquiring an additional 160 shares during the last quarter.

Schwab US Dividend Equity ETF Price Performance

SCHD stock traded up $0.34 during midday trading on Friday, reaching $79.16. 432,048 shares of the company’s stock traded hands, compared to its average volume of 3,275,204. The company has a market capitalization of $55.53 billion, a P/E ratio of 15.04 and a beta of 0.74. Schwab US Dividend Equity ETF has a fifty-two week low of $66.67 and a fifty-two week high of $80.82. The business has a 50-day moving average price of $78.09 and a two-hundred day moving average price of $77.71.

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.