Towneley Capital Management Inc DE Increases Position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Towneley Capital Management Inc DE boosted its position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 2.9% in the first quarter, HoldingsChannel.com reports. The firm owned 732,531 shares of the company’s stock after purchasing an additional 20,543 shares during the quarter. Schwab US Dividend Equity ETF comprises approximately 4.8% of Towneley Capital Management Inc DE’s investment portfolio, making the stock its 7th biggest holding. Towneley Capital Management Inc DE’s holdings in Schwab US Dividend Equity ETF were worth $20,482,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Thrive Wealth Management LLC boosted its position in shares of Schwab US Dividend Equity ETF by 1.3% during the 1st quarter. Thrive Wealth Management LLC now owns 48,637 shares of the company’s stock valued at $1,360,000 after purchasing an additional 615 shares in the last quarter. Ritter Daniher Financial Advisory LLC DE raised its holdings in shares of Schwab US Dividend Equity ETF by 200.0% in the 4th quarter. Ritter Daniher Financial Advisory LLC DE now owns 975 shares of the company’s stock worth $27,000 after purchasing an additional 650 shares in the last quarter. PFG Private Wealth Management LLC increased its holdings in shares of Schwab US Dividend Equity ETF by 200.0% in the fourth quarter. PFG Private Wealth Management LLC now owns 1,029 shares of the company’s stock valued at $28,000 after buying an additional 686 shares in the last quarter. Morton Brown Family Wealth LLC lifted its position in shares of Schwab US Dividend Equity ETF by 200.0% during the 4th quarter. Morton Brown Family Wealth LLC now owns 1,152 shares of the company’s stock valued at $31,000 after acquiring an additional 768 shares during the last quarter. Finally, Moisand Fitzgerald Tamayo LLC lifted its position in shares of Schwab US Dividend Equity ETF by 294.3% during the 4th quarter. Moisand Fitzgerald Tamayo LLC now owns 1,041 shares of the company’s stock valued at $28,000 after acquiring an additional 777 shares during the last quarter.

Schwab US Dividend Equity ETF Stock Up 1.2%

Shares of Schwab US Dividend Equity ETF stock opened at $26.54 on Friday. Schwab US Dividend Equity ETF has a 12-month low of $23.87 and a 12-month high of $29.72. The firm has a market capitalization of $69.00 billion, a PE ratio of 15.93 and a beta of 0.82. The stock’s fifty day moving average is $25.85 and its 200-day moving average is $27.27.

Schwab US Dividend Equity ETF Company 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.