Lee Danner & Bass Inc. Makes New $77,000 Investment in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Lee Danner & Bass Inc. bought a new position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 2,825 shares of the company’s stock, valued at approximately $77,000.

A number of other hedge funds have also added to or reduced their stakes in SCHD. Central Pacific Bank Trust Division grew its stake in Schwab US Dividend Equity ETF by 200.0% in the 4th quarter. Central Pacific Bank Trust Division now owns 906 shares of the company’s stock worth $25,000 after acquiring an additional 604 shares in the last quarter. Hoese & Co LLP bought a new position in Schwab US Dividend Equity ETF in the 4th quarter worth about $26,000. Moisand Fitzgerald Tamayo LLC grew its stake in Schwab US Dividend Equity ETF by 294.3% in the 4th quarter. Moisand Fitzgerald Tamayo LLC now owns 1,041 shares of the company’s stock worth $28,000 after acquiring an additional 777 shares in the last quarter. PFG Private Wealth Management LLC grew its stake in Schwab US Dividend Equity ETF by 200.0% in the 4th quarter. PFG Private Wealth Management LLC now owns 1,029 shares of the company’s stock worth $28,000 after acquiring an additional 686 shares in the last quarter. Finally, IFS Advisors LLC lifted its position in shares of Schwab US Dividend Equity ETF by 184.4% in the 4th quarter. IFS Advisors LLC now owns 1,078 shares of the company’s stock worth $29,000 after purchasing an additional 699 shares during the period.

Schwab US Dividend Equity ETF Stock Performance

Shares of SCHD opened at $27.76 on Friday. The company has a 50 day moving average price of $27.95 and a 200-day moving average price of $28.13. Schwab US Dividend Equity ETF has a fifty-two week low of $25.18 and a fifty-two week high of $29.72. The stock has a market capitalization of $68.84 billion, a PE ratio of 17.56 and a beta of 0.86.

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.