Islay Capital Management LLC Increases Position in Schwab US Dividend Equity ETF $SCHD

Islay Capital Management LLC raised its position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 7.5% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 404,160 shares of the company’s stock after purchasing an additional 28,031 shares during the period. Schwab US Dividend Equity ETF comprises 6.3% of Islay Capital Management LLC’s portfolio, making the stock its biggest position. Islay Capital Management LLC’s holdings in Schwab US Dividend Equity ETF were worth $11,034,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in SCHD. Rakuten Investment Management Inc. bought a new stake in shares of Schwab US Dividend Equity ETF in the third quarter valued at about $1,127,144,000. Sumitomo Life Insurance Co. purchased a new position in Schwab US Dividend Equity ETF during the 3rd quarter valued at about $847,665,000. Cibc World Market Inc. raised its holdings in shares of Schwab US Dividend Equity ETF by 243.5% in the 3rd quarter. Cibc World Market Inc. now owns 5,328,615 shares of the company’s stock valued at $145,471,000 after purchasing an additional 3,777,339 shares in the last quarter. Osaic Holdings Inc. lifted its position in shares of Schwab US Dividend Equity ETF by 12.1% in the 2nd quarter. Osaic Holdings Inc. now owns 11,264,610 shares of the company’s stock worth $298,684,000 after purchasing an additional 1,217,005 shares during the period. Finally, Cerity Partners LLC lifted its position in shares of Schwab US Dividend Equity ETF by 18.0% in the 3rd quarter. Cerity Partners LLC now owns 6,599,938 shares of the company’s stock worth $180,178,000 after purchasing an additional 1,005,469 shares during the period.

Schwab US Dividend Equity ETF Stock Performance

NYSEARCA SCHD opened at $31.26 on Friday. The company has a market cap of $82.22 billion, a PE ratio of 14.57 and a beta of 0.77. The firm’s 50 day moving average price is $29.91 and its 200-day moving average price is $28.20. Schwab US Dividend Equity ETF has a 52-week low of $23.87 and a 52-week high of $31.95.

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.