Stonebridge Financial Group LLC Makes New Investment in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Stonebridge Financial Group LLC acquired a new stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 4,743 shares of the company’s stock, valued at approximately $130,000.

A number of other institutional investors and hedge funds also recently modified their holdings of SCHD. Bonfire Financial purchased a new stake in Schwab US Dividend Equity ETF in the fourth quarter valued at approximately $763,000. Essex Financial Services Inc. boosted its holdings in shares of Schwab US Dividend Equity ETF by 2.0% in the 4th quarter. Essex Financial Services Inc. now owns 56,462 shares of the company’s stock valued at $1,543,000 after purchasing an additional 1,127 shares during the last quarter. Armor Investment Advisors LLC boosted its holdings in shares of Schwab US Dividend Equity ETF by 202.3% in the 4th quarter. Armor Investment Advisors LLC now owns 223,049 shares of the company’s stock valued at $6,094,000 after purchasing an additional 149,255 shares during the last quarter. Focus Financial Network Inc. grew its stake in shares of Schwab US Dividend Equity ETF by 210.4% during the 4th quarter. Focus Financial Network Inc. now owns 3,183,816 shares of the company’s stock valued at $86,982,000 after buying an additional 2,158,136 shares during the period. Finally, MADDEN SECURITIES Corp increased its holdings in shares of Schwab US Dividend Equity ETF by 210.1% during the 4th quarter. MADDEN SECURITIES Corp now owns 317,414 shares of the company’s stock worth $8,672,000 after buying an additional 215,067 shares during the last quarter.

Schwab US Dividend Equity ETF Trading Down 0.8 %

Shares of SCHD opened at $27.65 on Thursday. Schwab US Dividend Equity ETF has a twelve month low of $25.16 and a twelve month high of $29.72. The firm has a market capitalization of $19.40 billion, a P/E ratio of 15.04 and a beta of 0.74. The stock’s fifty day simple moving average is $27.79 and its 200 day simple moving average is $28.00.

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.