Money Concepts Capital Corp Has $2.50 Million Stock Position in Schwab US Dividend Equity ETF $SCHD

Money Concepts Capital Corp grew its stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 52.6% in the 1st quarter, Holdings Channel reports. The institutional investor owned 81,491 shares of the company’s stock after buying an additional 28,076 shares during the quarter. Money Concepts Capital Corp’s holdings in Schwab US Dividend Equity ETF were worth $2,500,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions 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 acquired a new position in shares of Schwab US Dividend Equity ETF during the fourth quarter worth about $25,000. Field & Main Bank bought a new position in shares of Schwab US Dividend Equity ETF during the fourth quarter worth about $29,000. Dynamic Wealth Strategies LLC bought a new position in shares of Schwab US Dividend Equity ETF during the fourth quarter worth about $29,000. Finally, Triumph Capital Management acquired a new stake in Schwab US Dividend Equity ETF in the 3rd quarter valued at approximately $33,000.

Schwab US Dividend Equity ETF Stock Performance

NYSEARCA SCHD traded up $0.14 during trading on Friday, hitting $32.40. The stock had a trading volume of 14,149,522 shares, compared to its average volume of 22,244,186. The company has a market capitalization of $98.10 billion, a PE ratio of 14.57 and a beta of 0.68. The company’s 50-day moving average price is $32.17 and its two-hundred day moving average price is $30.88. Schwab US Dividend Equity ETF has a 12 month low of $26.21 and a 12 month 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.