Ellis Investment Partners LLC Grows Position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Ellis Investment Partners LLC increased its position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 263.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 24,151 shares of the company’s stock after buying an additional 17,513 shares during the quarter. Ellis Investment Partners LLC’s holdings in Schwab US Dividend Equity ETF were worth $660,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Next Level Wealth Planning LLC purchased a new position in Schwab US Dividend Equity ETF during the 4th quarter worth approximately $8,939,000. American Financial Advisors LLC grew its stake in Schwab US Dividend Equity ETF by 202.0% during the 4th quarter. American Financial Advisors LLC now owns 1,083,103 shares of the company’s stock worth $29,590,000 after buying an additional 724,421 shares during the last quarter. Newman Dignan & Sheerar Inc. grew its stake in Schwab US Dividend Equity ETF by 2.7% during the 4th quarter. Newman Dignan & Sheerar Inc. now owns 805,876 shares of the company’s stock worth $22,017,000 after buying an additional 21,425 shares during the last quarter. Salomon & Ludwin LLC grew its stake in Schwab US Dividend Equity ETF by 197.7% during the 4th quarter. Salomon & Ludwin LLC now owns 22,638 shares of the company’s stock worth $618,000 after buying an additional 15,034 shares during the last quarter. Finally, Roxbury Financial LLC purchased a new position in Schwab US Dividend Equity ETF during the 4th quarter worth approximately $57,000.

Schwab US Dividend Equity ETF Trading Down 0.2 %

Shares of SCHD stock opened at $27.79 on Monday. The company has a market capitalization of $19.49 billion, a P/E ratio of 15.04 and a beta of 0.74. The business’s 50 day moving average is $27.72 and its two-hundred day moving average is $28.00. Schwab US Dividend Equity ETF has a twelve month low of $25.18 and a twelve month high of $29.72.

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.