Basso Capital Management L.P. purchased a new position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD – Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 17,534 shares of the company’s stock, valued at approximately $481,000.
Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Mountain Hill Investment Partners Corp. boosted its position in Schwab US Dividend Equity ETF by 1,241.8% during the fourth quarter. Mountain Hill Investment Partners Corp. now owns 899 shares of the company’s stock worth $25,000 after purchasing an additional 832 shares during the period. Merrithew & Thorsten Inc bought a new stake in shares of Schwab US Dividend Equity ETF in the fourth quarter valued at approximately $25,000. Field & Main Bank bought a new stake in shares of Schwab US Dividend Equity ETF during the 4th quarter valued at $29,000. Dynamic Wealth Strategies LLC bought a new position in Schwab US Dividend Equity ETF in the 4th quarter valued at about $29,000. Finally, Triumph Capital Management bought a new position in Schwab US Dividend Equity ETF in the third quarter valued at approximately $33,000.
Schwab US Dividend Equity ETF Stock Performance
Schwab US Dividend Equity ETF stock opened at $31.93 on Thursday. The stock has a market capitalization of $90.64 billion, a P/E 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 $32.92. The stock has a fifty day moving average of $31.79 and a 200-day moving average of $30.37.
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.
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