Factor Wealth Management LTD Acquires 24,618 Shares of Schwab US Dividend Equity ETF $SCHD

Factor Wealth Management LTD raised its stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 45.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 78,334 shares of the company’s stock after buying an additional 24,618 shares during the quarter. Factor Wealth Management LTD’s holdings in Schwab US Dividend Equity ETF were worth $2,484,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of SCHD. Cassaday & Co Wealth Management LLC boosted its position in shares of Schwab US Dividend Equity ETF by 52.2% during the fourth quarter. Cassaday & Co Wealth Management LLC now owns 9,244,248 shares of the company’s stock worth $253,570,000 after acquiring an additional 3,170,728 shares during the last quarter. Paradiem LLC bought a new stake in Schwab US Dividend Equity ETF in the 1st quarter valued at $56,258,000. Cibc World Market Inc. increased its holdings in Schwab US Dividend Equity ETF by 31.8% in the 4th quarter. Cibc World Market Inc. now owns 7,022,759 shares of the company’s stock valued at $192,634,000 after acquiring an additional 1,694,144 shares during the last quarter. Keudell Morrison Wealth Management purchased a new stake in Schwab US Dividend Equity ETF in the 4th quarter worth $43,773,000. Finally, Baer Investment Advisory LLC purchased a new stake in Schwab US Dividend Equity ETF in the 1st quarter worth $46,847,000.

Schwab US Dividend Equity ETF Stock Up 0.2%

SCHD opened at $33.70 on Friday. The company has a market capitalization of $104.70 billion, a PE ratio of 14.57 and a beta of 0.67. The firm has a 50-day simple moving average of $32.59 and a two-hundred day simple moving average of $31.59. Schwab US Dividend Equity ETF has a 52 week low of $26.32 and a 52 week high of $34.24.

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.