Sunburst Financial Group LLC Raises Stock Position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Sunburst Financial Group LLC lifted its holdings in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 222.1% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 1,311,918 shares of the company’s stock after buying an additional 904,630 shares during the period. Schwab US Dividend Equity ETF makes up about 8.9% of Sunburst Financial Group LLC’s holdings, making the stock its 3rd largest holding. Sunburst Financial Group LLC’s holdings in Schwab US Dividend Equity ETF were worth $35,842,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. Kennebec Savings Bank acquired a new position in Schwab US Dividend Equity ETF during the third quarter valued at approximately $31,000. Legacy Investment Solutions LLC bought a new stake in shares of Schwab US Dividend Equity ETF during the 3rd quarter worth approximately $34,000. Barrett & Company Inc. acquired a new stake in shares of Schwab US Dividend Equity ETF in the 3rd quarter valued at approximately $34,000. Cassady Schiller Wealth Management LLC bought a new position in shares of Schwab US Dividend Equity ETF in the third quarter valued at $38,000. Finally, Phillips Financial Management LLC increased its holdings 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 buying an additional 391 shares during the last quarter.

Schwab US Dividend Equity ETF Trading Up 0.7 %

NYSEARCA SCHD opened at $27.85 on Friday. The firm has a market capitalization of $19.54 billion, a P/E ratio of 15.04 and a beta of 0.74. The firm’s fifty day moving average price is $27.76 and its two-hundred day moving average price is $27.99. Schwab US Dividend Equity ETF has a 1 year low of $25.18 and a 1 year 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.