Lighthouse Wealth Management Inc. Invests $14.11 Million in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Lighthouse Wealth Management Inc. bought a new stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 516,402 shares of the company’s stock, valued at approximately $14,108,000. Schwab US Dividend Equity ETF makes up 12.9% of Lighthouse Wealth Management Inc.’s holdings, making the stock its biggest position. Lighthouse Wealth Management Inc. owned 0.07% of Schwab US Dividend Equity ETF at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Squarepoint Ops LLC increased its holdings in shares of Schwab US Dividend Equity ETF by 16.7% in the second quarter. Squarepoint Ops LLC now owns 51,222 shares of the company’s stock valued at $3,983,000 after buying an additional 7,342 shares in the last quarter. AQR Capital Management LLC purchased a new stake in shares of Schwab US Dividend Equity ETF during the second quarter valued at $879,000. Ascent Group LLC boosted its position in shares of Schwab US Dividend Equity ETF by 1.2% in the 2nd quarter. Ascent Group LLC now owns 12,091 shares of the company’s stock valued at $940,000 after purchasing an additional 145 shares during the period. Creative Planning increased its stake in Schwab US Dividend Equity ETF by 1.3% in the 2nd quarter. Creative Planning now owns 1,316,807 shares of the company’s stock worth $102,395,000 after purchasing an additional 17,098 shares in the last quarter. Finally, Magnolia Capital Advisors LLC acquired a new stake in Schwab US Dividend Equity ETF during the 2nd quarter worth about $21,741,000.

Schwab US Dividend Equity ETF Price Performance

Shares of SCHD opened at $28.07 on Monday. Schwab US Dividend Equity ETF has a one year low of $25.16 and a one year high of $29.72. The company has a 50-day moving average of $28.10 and a two-hundred day moving average of $27.92. The stock has a market cap of $19.69 billion, a price-to-earnings ratio of 15.04 and a beta of 0.74.

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.