Sovereign Financial Group Inc. Acquires 11,365 Shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Sovereign Financial Group Inc. lifted its holdings in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 415.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,098 shares of the company’s stock after purchasing an additional 11,365 shares during the quarter. Sovereign Financial Group Inc.’s holdings in Schwab US Dividend Equity ETF were worth $385,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Safeguard Financial LLC increased its stake in Schwab US Dividend Equity ETF by 242.0% during the 4th quarter. Safeguard Financial LLC now owns 66,756 shares of the company’s stock worth $1,824,000 after acquiring an additional 47,239 shares during the period. Fiduciary Financial Group LLC acquired a new stake in shares of Schwab US Dividend Equity ETF during the 4th quarter worth $225,000. Mayfair Advisory Group LLC increased its position in shares of Schwab US Dividend Equity ETF by 212.7% in the fourth quarter. Mayfair Advisory Group LLC now owns 454,919 shares of the company’s stock worth $12,428,000 after purchasing an additional 309,451 shares during the period. Quantum Financial Advisors LLC acquired a new position in Schwab US Dividend Equity ETF in the fourth quarter valued at about $696,000. Finally, Breakwater Capital Group lifted its position in Schwab US Dividend Equity ETF by 211.4% during the fourth quarter. Breakwater Capital Group now owns 25,401 shares of the company’s stock worth $694,000 after purchasing an additional 17,243 shares during the period.

Schwab US Dividend Equity ETF Stock Up 1.1 %

SCHD stock opened at $27.82 on Thursday. The company’s 50-day moving average price is $28.23 and its two-hundred day moving average price is $27.79. The firm has a market cap of $19.52 billion, a P/E ratio of 15.04 and a beta of 0.74. Schwab US Dividend Equity ETF has a 12 month low of $24.97 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.