Essex Financial Services Inc. Raises Stock Holdings in Schwab US Dividend Equity ETF $SCHD

Essex Financial Services Inc. boosted its holdings in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 40.7% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 77,299 shares of the company’s stock after acquiring an additional 22,364 shares during the quarter. Essex Financial Services Inc.’s holdings in Schwab US Dividend Equity ETF were worth $2,372,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Barnes Pettey Financial Advisors LLC grew its position in shares of Schwab US Dividend Equity ETF by 9.1% during the 1st quarter. Barnes Pettey Financial Advisors LLC now owns 175,262 shares of the company’s stock worth $5,377,000 after buying an additional 14,633 shares in the last quarter. Merited Wealth LLC grew its holdings in Schwab US Dividend Equity ETF by 6.2% during the 1st quarter. Merited Wealth LLC now owns 23,241 shares of the company’s stock worth $713,000 after acquiring an additional 1,353 shares in the last quarter. Semus Wealth Partners LLC grew its holdings in Schwab US Dividend Equity ETF by 0.7% during the 1st quarter. Semus Wealth Partners LLC now owns 51,317 shares of the company’s stock worth $1,574,000 after acquiring an additional 347 shares in the last quarter. Argent Advisors Inc. increased its position in Schwab US Dividend Equity ETF by 8.2% during the 1st quarter. Argent Advisors Inc. now owns 25,599 shares of the company’s stock valued at $785,000 after purchasing an additional 1,950 shares during the period. Finally, Financial Life Planners purchased a new position in Schwab US Dividend Equity ETF during the 1st quarter valued at about $94,000.

Schwab US Dividend Equity ETF Stock Up 1.7%

Shares of SCHD stock opened at $32.39 on Friday. The firm has a market cap of $97.46 billion, a price-to-earnings ratio of 14.57 and a beta of 0.68. The company’s 50 day moving average is $32.04 and its 200 day moving average is $30.70. Schwab US Dividend Equity ETF has a 52-week low of $26.21 and a 52-week high of $32.92.

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.