Towercrest Capital Management Increases Position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Towercrest Capital Management grew its holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 191.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 206,821 shares of the company’s stock after acquiring an additional 135,977 shares during the period. Schwab US Dividend Equity ETF comprises approximately 0.9% of Towercrest Capital Management’s portfolio, making the stock its 29th largest position. Towercrest Capital Management’s holdings in Schwab US Dividend Equity ETF were worth $5,650,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. JPMorgan Chase & Co. grew its stake in shares of Schwab US Dividend Equity ETF by 7.2% in the third quarter. JPMorgan Chase & Co. now owns 1,568,103 shares of the company’s stock worth $132,552,000 after acquiring an additional 104,855 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Schwab US Dividend Equity ETF by 200.0% in the fourth quarter. GAMMA Investing LLC now owns 9,753 shares of the company’s stock worth $266,000 after acquiring an additional 6,502 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of Schwab US Dividend Equity ETF in the third quarter worth $163,000. Tenon Financial LLC grew its stake in shares of Schwab US Dividend Equity ETF by 200.1% during the fourth quarter. Tenon Financial LLC now owns 15,121 shares of the company’s stock worth $412,000 after purchasing an additional 10,082 shares in the last quarter. Finally, Summit Wealth & Retirement Planning Inc. grew its stake in shares of Schwab US Dividend Equity ETF by 195.0% during the fourth quarter. Summit Wealth & Retirement Planning Inc. now owns 26,180 shares of the company’s stock worth $715,000 after purchasing an additional 17,305 shares in the last quarter.

Schwab US Dividend Equity ETF Trading Down 0.7 %

Shares of SCHD stock opened at $27.76 on Monday. The firm has a fifty day moving average price of $27.95 and a 200 day moving average price of $28.13. The company has a market cap of $68.84 billion, a P/E ratio of 17.56 and a beta of 0.86. Schwab US Dividend Equity ETF has a 12 month low of $25.18 and a 12 month high of $29.72.

About Schwab US Dividend Equity ETF

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.