Bruce G. Allen Investments LLC Has $11.24 Million Stake in Schwab US Dividend Equity ETF $SCHD

Bruce G. Allen Investments LLC grew its position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 37.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 409,630 shares of the company’s stock after acquiring an additional 110,671 shares during the period. Schwab US Dividend Equity ETF comprises about 7.6% of Bruce G. Allen Investments LLC’s portfolio, making the stock its 3rd largest holding. Bruce G. Allen Investments LLC’s holdings in Schwab US Dividend Equity ETF were worth $11,236,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Mountain Hill Investment Partners Corp. grew its stake in Schwab US Dividend Equity ETF by 1,241.8% in the 4th quarter. Mountain Hill Investment Partners Corp. now owns 899 shares of the company’s stock valued at $25,000 after buying an additional 832 shares during the last quarter. Merrithew & Thorsten Inc acquired a new position in Schwab US Dividend Equity ETF in the 4th quarter valued at about $25,000. Field & Main Bank acquired a new position in Schwab US Dividend Equity ETF in the 4th quarter valued at about $29,000. Dynamic Wealth Strategies LLC bought a new stake in Schwab US Dividend Equity ETF in the 4th quarter valued at about $29,000. Finally, Triumph Capital Management bought a new stake in Schwab US Dividend Equity ETF in the 3rd quarter valued at about $33,000.

Schwab US Dividend Equity ETF Trading Up 0.6%

NYSEARCA SCHD opened at $32.37 on Wednesday. Schwab US Dividend Equity ETF has a 1-year low of $26.07 and a 1-year high of $32.91. The company has a 50 day moving average of $31.34 and a 200-day moving average of $29.92. The company has a market cap of $91.89 billion, a price-to-earnings ratio of 14.57 and a beta of 0.68.

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.