Kraft Davis & Associates LLC Acquires New Shares in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Kraft Davis & Associates LLC bought a new position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 168,527 shares of the company’s stock, valued at approximately $4,712,000. Schwab US Dividend Equity ETF makes up about 1.5% of Kraft Davis & Associates LLC’s investment portfolio, making the stock its 24th largest holding.

Other large investors have also recently bought and sold shares of the company. KG&L Capital Management LLC bought a new stake in Schwab US Dividend Equity ETF in the first quarter valued at approximately $322,000. Balefire LLC bought a new position in Schwab US Dividend Equity ETF during the first quarter worth $785,000. LifeSteps Financial Inc. lifted its holdings in Schwab US Dividend Equity ETF by 33.6% in the first quarter. LifeSteps Financial Inc. now owns 90,020 shares of the company’s stock valued at $2,517,000 after buying an additional 22,617 shares during the period. Wealth Management Resources Inc. grew its holdings in Schwab US Dividend Equity ETF by 0.8% during the 1st quarter. Wealth Management Resources Inc. now owns 872,406 shares of the company’s stock worth $24,392,000 after acquiring an additional 7,019 shares during the period. Finally, Creative Financial Designs Inc. ADV raised its position in shares of Schwab US Dividend Equity ETF by 1.5% in the 1st quarter. Creative Financial Designs Inc. ADV now owns 79,731 shares of the company’s stock worth $2,229,000 after acquiring an additional 1,150 shares in the last quarter.

Schwab US Dividend Equity ETF Stock Down 2.0%

NYSEARCA:SCHD opened at $26.20 on Thursday. The firm has a market capitalization of $68.12 billion, a P/E ratio of 14.34 and a beta of 0.80. Schwab US Dividend Equity ETF has a twelve month low of $23.87 and a twelve month high of $29.72. The company has a fifty day moving average of $26.17 and a 200-day moving average of $27.05.

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.