Prossimo Advisors LLC Has $733,000 Stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Prossimo Advisors LLC raised its holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 200.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 26,817 shares of the company’s stock after buying an additional 17,878 shares during the period. Prossimo Advisors LLC’s holdings in Schwab US Dividend Equity ETF were worth $733,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SCHD. Central Pacific Bank Trust Division grew its holdings in shares of Schwab US Dividend Equity ETF by 200.0% in the 4th quarter. Central Pacific Bank Trust Division now owns 906 shares of the company’s stock valued at $25,000 after acquiring an additional 604 shares in the last quarter. Hoese & Co LLP acquired a new position in Schwab US Dividend Equity ETF during the fourth quarter valued at approximately $26,000. IFS Advisors LLC grew its stake in Schwab US Dividend Equity ETF by 184.4% in the fourth quarter. IFS Advisors LLC now owns 1,078 shares of the company’s stock valued at $29,000 after purchasing an additional 699 shares in the last quarter. Kennebec Savings Bank acquired a new position in shares of Schwab US Dividend Equity ETF during the 3rd quarter worth approximately $31,000. Finally, Olistico Wealth LLC boosted its holdings in shares of Schwab US Dividend Equity ETF by 202.2% in the 4th quarter. Olistico Wealth LLC now owns 1,118 shares of the company’s stock valued at $31,000 after buying an additional 748 shares during the last quarter.

Schwab US Dividend Equity ETF Trading Up 0.7 %

Shares of SCHD opened at $27.99 on Wednesday. The company’s fifty day simple moving average is $27.70 and its 200 day simple moving average is $28.01. Schwab US Dividend Equity ETF has a 1-year low of $25.18 and a 1-year high of $29.72. The company has a market cap of $68.58 billion, a price-to-earnings ratio of 17.48 and a beta of 0.88.

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.