Partners Wealth Management LLC Purchases Shares of 13,061 Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Partners Wealth Management LLC acquired a new position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 13,061 shares of the company’s stock, valued at approximately $357,000.

Several other institutional investors and hedge funds have also recently modified their holdings of SCHD. JPMorgan Chase & Co. lifted its holdings in Schwab US Dividend Equity ETF by 7.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,568,103 shares of the company’s stock worth $132,552,000 after purchasing an additional 104,855 shares during the last quarter. GAMMA Investing LLC increased its position in Schwab US Dividend Equity ETF by 200.0% during the 4th quarter. GAMMA Investing LLC now owns 9,753 shares of the company’s stock worth $266,000 after buying an additional 6,502 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in shares of Schwab US Dividend Equity ETF during the third quarter worth $163,000. Tenon Financial LLC boosted its position in shares of Schwab US Dividend Equity ETF by 200.1% in the fourth quarter. Tenon Financial LLC now owns 15,121 shares of the company’s stock valued at $412,000 after acquiring an additional 10,082 shares during the period. Finally, Summit Wealth & Retirement Planning Inc. grew its stake in shares of Schwab US Dividend Equity ETF by 195.0% in the fourth quarter. Summit Wealth & Retirement Planning Inc. now owns 26,180 shares of the company’s stock valued at $715,000 after acquiring an additional 17,305 shares in the last quarter.

Schwab US Dividend Equity ETF Stock Performance

NYSEARCA:SCHD opened at $28.21 on Monday. Schwab US Dividend Equity ETF has a 52 week low of $25.18 and a 52 week high of $29.72. The firm’s 50-day simple moving average is $27.69 and its 200 day simple moving average is $28.05. The firm has a market cap of $69.11 billion, a price-to-earnings ratio of 17.48 and a beta of 0.88.

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.