Econ Financial Services Corp Buys Shares of 264,057 Schwab US Dividend Equity ETF $SCHD

Econ Financial Services Corp bought a new position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) in the 4th quarter, HoldingsChannel reports. The fund bought 264,057 shares of the company’s stock, valued at approximately $7,243,000. Schwab US Dividend Equity ETF makes up 3.6% of Econ Financial Services Corp’s portfolio, making the stock its 4th biggest holding.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Brighton Jones LLC lifted its holdings in Schwab US Dividend Equity ETF by 404.6% during the 4th quarter. Brighton Jones LLC now owns 105,089 shares of the company’s stock worth $2,871,000 after buying an additional 84,262 shares during the last quarter. Revolve Wealth Partners LLC boosted its stake in Schwab US Dividend Equity ETF by 206.9% during the 4th quarter. Revolve Wealth Partners LLC now owns 76,685 shares of the company’s stock worth $2,095,000 after purchasing an additional 51,696 shares during the period. Bison Wealth LLC grew its holdings in shares of Schwab US Dividend Equity ETF by 234.4% during the fourth quarter. Bison Wealth LLC now owns 441,394 shares of the company’s stock worth $12,059,000 after buying an additional 309,400 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Schwab US Dividend Equity ETF by 35.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 592,953 shares of the company’s stock valued at $16,579,000 after purchasing an additional 155,769 shares during the last quarter. Finally, United Bank grew its position in Schwab US Dividend Equity ETF by 5.0% in the 2nd quarter. United Bank now owns 195,713 shares of the company’s stock valued at $5,186,000 after buying an additional 9,351 shares during the last quarter.

Schwab US Dividend Equity ETF Trading Up 0.7%

Shares of SCHD opened at $30.68 on Wednesday. Schwab US Dividend Equity ETF has a twelve month low of $23.87 and a twelve month high of $31.95. The firm has a market capitalization of $80.70 billion, a PE ratio of 14.57 and a beta of 0.77. The stock’s 50 day moving average is $30.81 and its two-hundred day moving average is $28.60.

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.