Victrix Investment Advisors Makes New $1.47 Million Investment in Schwab US Dividend Equity ETF $SCHD

Victrix Investment Advisors bought a new position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) in the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 53,450 shares of the company’s stock, valued at approximately $1,466,000.

Other large investors have also recently added to or reduced their stakes in the company. Mountain Hill Investment Partners Corp. increased its holdings in Schwab US Dividend Equity ETF by 1,241.8% during the 4th quarter. Mountain Hill Investment Partners Corp. now owns 899 shares of the company’s stock worth $25,000 after purchasing an additional 832 shares in the last quarter. Merrithew & Thorsten Inc bought a new position in Schwab US Dividend Equity ETF during the 4th quarter worth about $25,000. Field & Main Bank bought a new position in Schwab US Dividend Equity ETF during the 4th quarter worth about $29,000. Dynamic Wealth Strategies LLC bought a new position in Schwab US Dividend Equity ETF during the 4th quarter worth about $29,000. Finally, Triumph Capital Management bought a new position in Schwab US Dividend Equity ETF during the 3rd quarter worth about $33,000.

Schwab US Dividend Equity ETF Trading Up 0.7%

SCHD stock opened at $32.59 on Friday. The stock has a 50-day moving average price of $31.46 and a two-hundred day moving average price of $30.03. The stock has a market cap of $92.51 billion, a PE ratio of 14.57 and a beta of 0.67. Schwab US Dividend Equity ETF has a 1 year low of $26.16 and a 1 year high of $32.91.

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.