Karras Company Inc. Makes New Investment in Schwab US Dividend Equity ETF $SCHD

Karras Company Inc. bought a new position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 301,607 shares of the company’s stock, valued at approximately $8,273,000. Schwab US Dividend Equity ETF accounts for 7.9% of Karras Company Inc.’s investment portfolio, making the stock its 2nd biggest position.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SCHD. Mountain Hill Investment Partners Corp. lifted its holdings in shares of Schwab US Dividend Equity ETF by 1,241.8% in the fourth quarter. Mountain Hill Investment Partners Corp. now owns 899 shares of the company’s stock worth $25,000 after buying an additional 832 shares in the last quarter. Merrithew & Thorsten Inc purchased a new stake in shares of Schwab US Dividend Equity ETF in the fourth quarter worth about $25,000. Biltmore Family Office LLC lifted its holdings in shares of Schwab US Dividend Equity ETF by 116.4% in the third quarter. Biltmore Family Office LLC now owns 974 shares of the company’s stock worth $27,000 after buying an additional 524 shares in the last quarter. Field & Main Bank purchased a new stake in shares of Schwab US Dividend Equity ETF in the fourth quarter worth about $29,000. Finally, Dynamic Wealth Strategies LLC purchased a new stake in shares of Schwab US Dividend Equity ETF in the fourth quarter worth about $29,000.

Schwab US Dividend Equity ETF Trading Up 1.8%

Shares of Schwab US Dividend Equity ETF stock opened at $32.83 on Friday. Schwab US Dividend Equity ETF has a 12-month low of $25.69 and a 12-month high of $32.88. The company has a market cap of $93.19 billion, a price-to-earnings ratio of 14.57 and a beta of 0.68. The company’s 50-day moving average price is $31.13 and its 200-day moving average price is $29.65.

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.