Gray Wealth Management Inc. Buys 7,162 Shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Gray Wealth Management Inc. grew its stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 67.7% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 17,741 shares of the company’s stock after acquiring an additional 7,162 shares during the period. Gray Wealth Management Inc.’s holdings in Schwab US Dividend Equity ETF were worth $485,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. Spinnaker Investment Group LLC increased its stake in shares of Schwab US Dividend Equity ETF by 2.2% during the third quarter. Spinnaker Investment Group LLC now owns 532,867 shares of the company’s stock valued at $45,043,000 after buying an additional 11,324 shares during the period. Cassady Schiller Wealth Management LLC bought a new position in Schwab US Dividend Equity ETF during the 3rd quarter worth about $38,000. Adero Partners LLC purchased a new position in Schwab US Dividend Equity ETF during the 3rd quarter valued at about $264,000. Obsidian Personal Planning Solutions LLC raised its holdings in shares of Schwab US Dividend Equity ETF by 222.1% in the 3rd quarter. Obsidian Personal Planning Solutions LLC now owns 231,654 shares of the company’s stock valued at $19,582,000 after purchasing an additional 159,733 shares in the last quarter. Finally, TrinityPoint Wealth LLC lifted its position in shares of Schwab US Dividend Equity ETF by 6.7% in the 3rd quarter. TrinityPoint Wealth LLC now owns 301,837 shares of the company’s stock worth $25,514,000 after purchasing an additional 18,941 shares during the period.

Schwab US Dividend Equity ETF Stock Performance

NYSEARCA SCHD opened at $27.64 on Monday. The company has a market cap of $68.55 billion, a PE ratio of 17.56 and a beta of 0.86. Schwab US Dividend Equity ETF has a 52-week low of $25.18 and a 52-week high of $29.72. The firm’s 50 day moving average price is $27.89 and its 200-day moving average price is $28.13.

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.