Edge Capital Group LLC Purchases 221,697 Shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Edge Capital Group LLC grew its position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 201.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 331,969 shares of the company’s stock after purchasing an additional 221,697 shares during the period. Edge Capital Group LLC’s holdings in Schwab US Dividend Equity ETF were worth $9,069,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of SCHD. Kennebec Savings Bank acquired a new position in shares of Schwab US Dividend Equity ETF in the third quarter valued at approximately $31,000. Legacy Investment Solutions LLC bought a new stake in Schwab US Dividend Equity ETF during the third quarter worth $34,000. Barrett & Company Inc. bought a new stake in Schwab US Dividend Equity ETF during the third quarter worth $34,000. Cassady Schiller Wealth Management LLC bought a new stake in Schwab US Dividend Equity ETF during the third quarter worth $38,000. Finally, Phillips Financial Management LLC lifted its stake in Schwab US Dividend Equity ETF by 144.8% during the third quarter. Phillips Financial Management LLC now owns 661 shares of the company’s stock worth $56,000 after purchasing an additional 391 shares during the last quarter.

Schwab US Dividend Equity ETF Stock Performance

Shares of SCHD opened at $28.21 on Monday. Schwab US Dividend Equity ETF has a 52 week low of $25.18 and a 52 week high of $29.72. The stock has a market capitalization of $69.11 billion, a price-to-earnings ratio of 17.48 and a beta of 0.88. The stock has a fifty day moving average of $27.69 and a 200-day moving average of $28.05.

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.