Smithbridge Asset Management Inc. DE Buys 398,669 Shares of Schwab US Dividend Equity ETF $SCHD

Smithbridge Asset Management Inc. DE lifted its stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 104.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 780,928 shares of the company’s stock after purchasing an additional 398,669 shares during the period. Schwab US Dividend Equity ETF comprises about 1.8% of Smithbridge Asset Management Inc. DE’s investment portfolio, making the stock its 17th largest position. Smithbridge Asset Management Inc. DE’s holdings in Schwab US Dividend Equity ETF were worth $21,421,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Mountain Hill Investment Partners Corp. grew 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 purchasing an additional 832 shares during the last quarter. Merrithew & Thorsten Inc bought a new position in shares of Schwab US Dividend Equity ETF in the fourth quarter worth about $25,000. Field & Main Bank bought a new position in shares of Schwab US Dividend Equity ETF in the fourth quarter worth about $29,000. Dynamic Wealth Strategies LLC bought a new position in shares of Schwab US Dividend Equity ETF in the fourth quarter worth about $29,000. Finally, Triumph Capital Management bought a new position in shares of Schwab US Dividend Equity ETF in the third quarter worth about $33,000.

Schwab US Dividend Equity ETF Trading Down 0.4%

NYSEARCA SCHD opened at $32.26 on Thursday. Schwab US Dividend Equity ETF has a 12 month low of $26.16 and a 12 month high of $32.91. The company’s 50-day moving average price is $31.60 and its 200-day moving average price is $30.19. The stock has a market cap of $91.58 billion, a PE ratio of 14.57 and a beta of 0.67.

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.