Schwab US Dividend Equity ETF $SCHD is Flagship Wealth Advisors LLC’s 5th Largest Position

Flagship Wealth Advisors LLC increased its stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 135.5% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 341,006 shares of the company’s stock after buying an additional 196,194 shares during the quarter. Schwab US Dividend Equity ETF comprises 4.3% of Flagship Wealth Advisors LLC’s portfolio, making the stock its 5th largest position. Flagship Wealth Advisors LLC’s holdings in Schwab US Dividend Equity ETF were worth $10,462,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Mountain Hill Investment Partners Corp. raised its stake in shares of 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 valued at $25,000 after purchasing an additional 832 shares during the period. Merrithew & Thorsten Inc purchased a new position in shares of Schwab US Dividend Equity ETF in the fourth quarter valued at $25,000. Field & Main Bank purchased a new position in shares of Schwab US Dividend Equity ETF in the fourth quarter valued at $29,000. Ashton Thomas Securities LLC acquired a new stake in Schwab US Dividend Equity ETF during the 1st quarter valued at $32,000. Finally, Dynamic Wealth Strategies LLC acquired a new stake in shares of Schwab US Dividend Equity ETF during the fourth quarter valued at about $29,000.

Schwab US Dividend Equity ETF Stock Up 0.2%

SCHD stock opened at $33.47 on Friday. The stock’s 50 day moving average is $32.51 and its two-hundred day moving average is $31.43. The company has a market capitalization of $103.72 billion, a PE ratio of 14.57 and a beta of 0.68. Schwab US Dividend Equity ETF has a 52-week low of $26.21 and a 52-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.