Sawgrass Asset Management LLC Has $718,000 Position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Sawgrass Asset Management LLC grew its holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 200.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 26,277 shares of the company’s stock after purchasing an additional 17,518 shares during the quarter. Sawgrass Asset Management LLC’s holdings in Schwab US Dividend Equity ETF were worth $718,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Alpha Financial Partners LLC acquired a new position in shares of Schwab US Dividend Equity ETF during the third quarter valued at $1,283,000. Procyon Advisors LLC lifted its stake in shares of Schwab US Dividend Equity ETF by 8.3% during the third quarter. Procyon Advisors LLC now owns 5,745 shares of the company’s stock valued at $486,000 after acquiring an additional 442 shares during the period. Creative Planning lifted its stake in shares of Schwab US Dividend Equity ETF by 1.9% during the third quarter. Creative Planning now owns 1,341,298 shares of the company’s stock valued at $113,380,000 after acquiring an additional 24,491 shares during the period. Magnus Financial Group LLC lifted its stake in shares of Schwab US Dividend Equity ETF by 25.0% during the third quarter. Magnus Financial Group LLC now owns 7,273 shares of the company’s stock valued at $615,000 after acquiring an additional 1,454 shares during the period. Finally, Prospect Financial Services LLC lifted its stake in shares of Schwab US Dividend Equity ETF by 21.1% during the third quarter. Prospect Financial Services LLC now owns 14,074 shares of the company’s stock valued at $1,190,000 after acquiring an additional 2,452 shares during the period.

Schwab US Dividend Equity ETF Stock Down 0.8 %

Shares of SCHD opened at $27.65 on Thursday. The stock’s fifty day simple moving average is $27.79 and its 200-day simple moving average is $28.00. The firm has a market capitalization of $19.40 billion, a PE ratio of 15.04 and a beta of 0.74. Schwab US Dividend Equity ETF has a 12-month low of $25.16 and a 12-month high of $29.72.

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.