Financial Insights Inc. Has $28.87 Million Stake in Schwab US Dividend Equity ETF $SCHD

Financial Insights Inc. lifted its stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 3.4% during the first quarter, Holdings Channel reports. The firm owned 941,050 shares of the company’s stock after buying an additional 31,377 shares during the period. Schwab US Dividend Equity ETF comprises about 9.4% of Financial Insights Inc.’s holdings, making the stock its 2nd largest position. Financial Insights Inc.’s holdings in Schwab US Dividend Equity ETF were worth $28,871,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Mountain Hill Investment Partners Corp. increased its position in Schwab US Dividend Equity ETF by 1,241.8% in the fourth quarter. Mountain Hill Investment Partners Corp. now owns 899 shares of the company’s stock worth $25,000 after buying an additional 832 shares during the period. Merrithew & Thorsten Inc acquired a new position in shares of Schwab US Dividend Equity ETF during the fourth quarter valued at $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. Ashton Thomas Securities LLC bought a new position in shares of Schwab US Dividend Equity ETF during the first quarter worth about $32,000. Finally, Dynamic Wealth Strategies LLC acquired a new stake in shares of Schwab US Dividend Equity ETF in the 4th quarter worth about $29,000.

Schwab US Dividend Equity ETF Stock Down 0.2%

Shares of NYSEARCA:SCHD opened at $33.83 on Thursday. The company’s 50-day moving average price is $32.47 and its 200 day moving average price is $31.39. The company has a market cap of $104.48 billion, a PE ratio of 14.57 and a beta of 0.68. Schwab US Dividend Equity ETF has a fifty-two week low of $26.21 and a fifty-two week high of $34.24.

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.