Schwab US Dividend Equity ETF (NYSEARCA:SCHD) is Northeast Financial Group Inc.’s 4th Largest Position

Northeast Financial Group Inc. raised its position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 181.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 480,454 shares of the company’s stock after purchasing an additional 309,726 shares during the quarter. Schwab US Dividend Equity ETF accounts for about 4.8% of Northeast Financial Group Inc.’s investment portfolio, making the stock its 4th biggest holding. Northeast Financial Group Inc.’s holdings in Schwab US Dividend Equity ETF were worth $13,126,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in SCHD. Squarepoint Ops LLC lifted its position in Schwab US Dividend Equity ETF by 16.7% during the second quarter. Squarepoint Ops LLC now owns 51,222 shares of the company’s stock valued at $3,983,000 after purchasing an additional 7,342 shares during the period. AQR Capital Management LLC bought a new stake in shares of Schwab US Dividend Equity ETF during the 2nd quarter valued at $879,000. Strategic Investment Solutions Inc. IL purchased a new stake in shares of Schwab US Dividend Equity ETF during the second quarter worth about $7,706,000. Creekside Partners bought a new position in shares of Schwab US Dividend Equity ETF during the second quarter worth $251,000. Finally, Sanctuary Advisors LLC purchased a new stake in shares of Schwab US Dividend Equity ETF in the second quarter worth about $22,878,000.

Schwab US Dividend Equity ETF Stock Down 0.3 %

Schwab US Dividend Equity ETF stock opened at $27.94 on Thursday. The company’s 50-day moving average price is $28.08 and its 200-day moving average price is $27.94. Schwab US Dividend Equity ETF has a twelve month low of $25.16 and a twelve month high of $29.72. The company has a market cap of $19.60 billion, a PE ratio of 15.04 and a beta of 0.74.

Schwab US Dividend Equity ETF 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.