Hilton Head Capital Partners LLC Makes New $3.33 Million Investment in Schwab US Dividend Equity ETF $SCHD

Hilton Head Capital Partners LLC purchased a new stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 121,376 shares of the company’s stock, valued at approximately $3,329,000. Schwab US Dividend Equity ETF accounts for about 1.9% of Hilton Head Capital Partners LLC’s holdings, making the stock its 7th largest position.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Sumitomo Life Insurance Co. bought a new position in Schwab US Dividend Equity ETF during the 3rd quarter worth 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. Cassaday & Co Wealth Management LLC lifted its position in shares of Schwab US Dividend Equity ETF by 52.2% in the 4th quarter. Cassaday & Co Wealth Management LLC now owns 9,244,248 shares of the company’s stock worth $253,570,000 after purchasing an additional 3,170,728 shares during the period. Keudell Morrison Wealth Management purchased a new stake in shares of Schwab US Dividend Equity ETF in the 4th quarter worth approximately $43,773,000. Finally, Evergreen Advisors LLC bought a new position in shares of Schwab US Dividend Equity ETF during the fourth quarter valued at approximately $41,630,000.

Schwab US Dividend Equity ETF Price Performance

Shares of SCHD stock opened at $32.30 on Monday. The firm has a market cap of $91.69 billion, a price-to-earnings ratio of 14.57 and a beta of 0.67. Schwab US Dividend Equity ETF has a 52-week low of $26.16 and a 52-week high of $32.91. The company’s 50 day moving average is $31.49 and its 200 day moving average is $30.07.

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.