Gilbert Capital Group Inc. Makes New $12.88 Million Investment in Schwab US Dividend Equity ETF $SCHD

Gilbert Capital Group Inc. purchased a new stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) during the first quarter, Holdings Channel.com reports. The firm purchased 419,845 shares of the company’s stock, valued at approximately $12,881,000. Schwab US Dividend Equity ETF accounts for approximately 10.0% of Gilbert Capital Group Inc.’s investment portfolio, making the stock its 3rd biggest holding.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Mountain Hill Investment Partners Corp. lifted its stake in shares of Schwab US Dividend Equity ETF by 1,241.8% during 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 during the period. Merrithew & Thorsten Inc acquired a new position in shares of Schwab US Dividend Equity ETF in the 4th quarter valued at $25,000. Field & Main Bank purchased a new position in Schwab US Dividend Equity ETF in the 4th quarter worth $29,000. Dynamic Wealth Strategies LLC purchased a new position in Schwab US Dividend Equity ETF in the 4th quarter worth $29,000. Finally, Triumph Capital Management acquired a new stake in Schwab US Dividend Equity ETF during the 3rd quarter worth about $33,000.

Schwab US Dividend Equity ETF Stock Performance

Schwab US Dividend Equity ETF stock opened at $32.02 on Wednesday. The business’s 50-day simple moving average is $31.88 and its two-hundred day simple moving average is $30.49. The company has a market cap of $90.90 billion, a PE ratio of 14.57 and a beta of 0.67. Schwab US Dividend Equity ETF has a fifty-two week low of $26.16 and a fifty-two week high of $32.92.

Schwab US Dividend Equity ETF 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.