Bellevue Asset Management LLC Raises Stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Bellevue Asset Management LLC increased its stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 229.8% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 32,970 shares of the company’s stock after purchasing an additional 22,974 shares during the period. Schwab US Dividend Equity ETF accounts for 0.5% of Bellevue Asset Management LLC’s investment portfolio, making the stock its 29th largest position. Bellevue Asset Management LLC’s holdings in Schwab US Dividend Equity ETF were worth $901,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the stock. Freestone Capital Holdings LLC lifted its holdings in Schwab US Dividend Equity ETF by 188.4% during the 4th quarter. Freestone Capital Holdings LLC now owns 49,435 shares of the company’s stock worth $1,351,000 after purchasing an additional 32,295 shares in the last quarter. Opulen Financial Group LLC purchased a new stake in Schwab US Dividend Equity ETF during the 4th quarter worth about $13,401,000. SP Asset Management LLC lifted its holdings in Schwab US Dividend Equity ETF by 202.8% during the 4th quarter. SP Asset Management LLC now owns 22,824 shares of the company’s stock worth $624,000 after purchasing an additional 15,287 shares in the last quarter. Pinnacle Wealth Planning Services Inc. bought a new position in Schwab US Dividend Equity ETF in the 4th quarter worth about $339,000. Finally, Ethos Financial Group LLC increased its stake in Schwab US Dividend Equity ETF by 265.6% in the 4th quarter. Ethos Financial Group LLC now owns 40,890 shares of the company’s stock worth $1,117,000 after acquiring an additional 29,706 shares during the last quarter.

Schwab US Dividend Equity ETF Stock Up 0.5 %

Shares of NYSEARCA SCHD opened at $28.05 on Thursday. The firm has a market capitalization of $68.72 billion, a P/E ratio of 17.48 and a beta of 0.88. The stock’s 50-day simple moving average is $27.82 and its two-hundred day simple moving average is $28.12. Schwab US Dividend Equity ETF has a twelve month low of $25.18 and a twelve 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.