Portus Wealth Advisors LLC Takes $3.35 Million Position in Schwab US Dividend Equity ETF $SCHD

Portus Wealth Advisors LLC purchased a new position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) during the 3rd quarter, Holdings Channel.com reports. The firm purchased 122,789 shares of the company’s stock, valued at approximately $3,352,000. Schwab US Dividend Equity ETF comprises approximately 3.3% of Portus Wealth Advisors LLC’s investment portfolio, making the stock its 5th largest position.

Other hedge funds have also added to or reduced their stakes in the company. Biltmore Family Office LLC raised its position in Schwab US Dividend Equity ETF by 116.4% during the third quarter. Biltmore Family Office LLC now owns 974 shares of the company’s stock valued at $27,000 after purchasing an additional 524 shares in the last quarter. Triumph Capital Management acquired a new stake in shares of Schwab US Dividend Equity ETF in the 3rd quarter valued at $33,000. Reyes Financial Architecture Inc. increased its stake in shares of Schwab US Dividend Equity ETF by 1,903.1% in the 3rd quarter. Reyes Financial Architecture Inc. now owns 1,302 shares of the company’s stock valued at $36,000 after purchasing an additional 1,237 shares during the last quarter. Turning Point Benefit Group Inc. bought a new position in shares of Schwab US Dividend Equity ETF in the 3rd quarter valued at $36,000. Finally, Independence Bank of Kentucky acquired a new position in shares of Schwab US Dividend Equity ETF during the 3rd quarter worth $41,000.

Schwab US Dividend Equity ETF Stock Up 0.3%

Shares of SCHD stock opened at $30.95 on Wednesday. The business has a fifty day simple moving average of $30.43 and a 200 day simple moving average of $28.39. The company has a market cap of $81.41 billion, a P/E ratio of 14.57 and a beta of 0.77. Schwab US Dividend Equity ETF has a twelve month low of $23.87 and a twelve month 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.