Peregrine Asset Advisers Inc. Increases Stock Position in Schwab US Dividend Equity ETF $SCHD

Peregrine Asset Advisers Inc. boosted its position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 30.2% during the first quarter, Holdings Channel.com reports. The fund owned 97,097 shares of the company’s stock after acquiring an additional 22,522 shares during the period. Peregrine Asset Advisers Inc.’s holdings in Schwab US Dividend Equity ETF were worth $2,979,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. Elmwood Wealth Management Inc. purchased a new stake in Schwab US Dividend Equity ETF in the fourth quarter worth $1,003,000. Bell Bank increased its position in Schwab US Dividend Equity ETF by 53.3% during the 4th quarter. Bell Bank now owns 104,155 shares of the company’s stock valued at $2,857,000 after purchasing an additional 36,212 shares during the period. Aspire Capital Advisors LLC raised its holdings in Schwab US Dividend Equity ETF by 2.9% in the 4th quarter. Aspire Capital Advisors LLC now owns 1,063,961 shares of the company’s stock worth $29,184,000 after purchasing an additional 30,146 shares in the last quarter. BIP Wealth LLC bought a new position in Schwab US Dividend Equity ETF in the 4th quarter worth $1,589,000. Finally, Rockefeller Capital Management L.P. lifted its position in shares of Schwab US Dividend Equity ETF by 18.8% in the 4th quarter. Rockefeller Capital Management L.P. now owns 523,834 shares of the company’s stock worth $14,369,000 after purchasing an additional 82,981 shares during the period.

Schwab US Dividend Equity ETF Trading Up 1.7%

Shares of SCHD opened at $32.39 on Friday. The firm’s 50-day moving average price is $32.04 and its 200-day moving average price is $30.70. The firm has a market capitalization of $97.46 billion, a price-to-earnings ratio of 14.57 and a beta of 0.68. Schwab US Dividend Equity ETF has a 1-year low of $26.21 and a 1-year high of $32.92.

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.