Cutter & CO Brokerage Inc. Increases Stock Holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Cutter & CO Brokerage Inc. raised its stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 203.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 66,271 shares of the company’s stock after purchasing an additional 44,451 shares during the period. Cutter & CO Brokerage Inc.’s holdings in Schwab US Dividend Equity ETF were worth $1,811,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Central Pacific Bank Trust Division increased its stake in Schwab US Dividend Equity ETF by 200.0% in the fourth quarter. Central Pacific Bank Trust Division now owns 906 shares of the company’s stock valued at $25,000 after purchasing an additional 604 shares during the last quarter. Hoese & Co LLP purchased a new position in shares of Schwab US Dividend Equity ETF during the fourth quarter worth approximately $26,000. Moisand Fitzgerald Tamayo LLC grew its position in shares of Schwab US Dividend Equity ETF by 294.3% during the fourth quarter. Moisand Fitzgerald Tamayo LLC now owns 1,041 shares of the company’s stock worth $28,000 after acquiring an additional 777 shares during the last quarter. IFS Advisors LLC grew its position in shares of Schwab US Dividend Equity ETF by 184.4% during the fourth quarter. IFS Advisors LLC now owns 1,078 shares of the company’s stock worth $29,000 after acquiring an additional 699 shares during the last quarter. Finally, Kennebec Savings Bank purchased a new position in shares of Schwab US Dividend Equity ETF during the third quarter worth approximately $31,000.

Schwab US Dividend Equity ETF Trading Up 0.7 %

Shares of SCHD opened at $28.45 on Wednesday. The firm has a market cap of $69.70 billion, a PE ratio of 17.48 and a beta of 0.88. The company’s 50 day simple moving average is $27.71 and its 200-day simple moving average is $28.08. Schwab US Dividend Equity ETF has a 12-month low of $25.18 and a 12-month high of $29.72.

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.