NewCorp Financial Services Inc. Buys New Shares in Schwab US Dividend Equity ETF $SCHD

NewCorp Financial Services Inc. bought a new stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 24,769 shares of the company’s stock, valued at approximately $679,000. Schwab US Dividend Equity ETF makes up about 0.6% of NewCorp Financial Services Inc.’s investment portfolio, making the stock its 23rd largest holding.

A number of other hedge funds have also added to or reduced their stakes in the business. Brighton Jones LLC lifted its stake in Schwab US Dividend Equity ETF by 404.6% in the fourth quarter. Brighton Jones LLC now owns 105,089 shares of the company’s stock valued at $2,871,000 after acquiring an additional 84,262 shares during the last quarter. Revolve Wealth Partners LLC lifted its stake in Schwab US Dividend Equity ETF by 206.9% in the fourth quarter. Revolve Wealth Partners LLC now owns 76,685 shares of the company’s stock valued at $2,095,000 after acquiring an additional 51,696 shares during the last quarter. Bison Wealth LLC lifted its stake in Schwab US Dividend Equity ETF by 234.4% in the fourth quarter. Bison Wealth LLC now owns 441,394 shares of the company’s stock valued at $12,059,000 after acquiring an additional 309,400 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in Schwab US Dividend Equity ETF by 35.6% in the first quarter. Goldman Sachs Group Inc. now owns 592,953 shares of the company’s stock valued at $16,579,000 after acquiring an additional 155,769 shares during the last quarter. Finally, United Bank lifted its stake in Schwab US Dividend Equity ETF by 5.0% in the second quarter. United Bank now owns 195,713 shares of the company’s stock valued at $5,186,000 after acquiring an additional 9,351 shares during the last quarter.

Schwab US Dividend Equity ETF Price Performance

Shares of SCHD stock opened at $32.50 on Monday. The stock has a market cap of $92.26 billion, a P/E ratio of 14.57 and a beta of 0.68. The company has a fifty day moving average price of $31.31 and a two-hundred day moving average price of $29.89. Schwab US Dividend Equity ETF has a one year low of $25.89 and a one year high of $32.91.

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.