Flagstar Advisors Inc. Increases Stock Holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Flagstar Advisors Inc. raised its stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 202.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,862 shares of the company’s stock after purchasing an additional 7,275 shares during the period. Flagstar Advisors Inc.’s holdings in Schwab US Dividend Equity ETF were worth $297,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in SCHD. JPMorgan Chase & Co. grew its position in shares of Schwab US Dividend Equity ETF by 7.2% during the third quarter. JPMorgan Chase & Co. now owns 1,568,103 shares of the company’s stock worth $132,552,000 after acquiring an additional 104,855 shares during the last quarter. GAMMA Investing LLC grew its position in shares of Schwab US Dividend Equity ETF by 200.0% during the fourth quarter. GAMMA Investing LLC now owns 9,753 shares of the company’s stock worth $266,000 after acquiring an additional 6,502 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of Schwab US Dividend Equity ETF during the third quarter worth approximately $163,000. Tenon Financial LLC grew its position in shares of Schwab US Dividend Equity ETF by 200.1% during the fourth quarter. Tenon Financial LLC now owns 15,121 shares of the company’s stock worth $412,000 after acquiring an additional 10,082 shares during the last quarter. Finally, Summit Wealth & Retirement Planning Inc. grew its position in shares of Schwab US Dividend Equity ETF by 195.0% during the fourth quarter. Summit Wealth & Retirement Planning Inc. now owns 26,180 shares of the company’s stock worth $715,000 after acquiring an additional 17,305 shares during the last quarter.

Schwab US Dividend Equity ETF Trading Up 0.7 %

Shares of SCHD opened at $28.18 on Thursday. The firm has a market cap of $69.04 billion, a PE ratio of 17.48 and a beta of 0.88. The company’s 50 day simple moving average is $27.69 and its 200-day simple moving average is $28.01. Schwab US Dividend Equity ETF has a 12-month low of $25.18 and a 12-month high of $29.72.

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.