Commonwealth Retirement Investments LLC Purchases 41,803 Shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Commonwealth Retirement Investments LLC increased its position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 167.7% in the fourth quarter, Holdings Channel.com reports. The firm owned 66,731 shares of the company’s stock after acquiring an additional 41,803 shares during the period. Commonwealth Retirement Investments LLC’s holdings in Schwab US Dividend Equity ETF were worth $1,823,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Kennebec Savings Bank bought a new position in shares of Schwab US Dividend Equity ETF in the 3rd quarter worth $31,000. Legacy Investment Solutions LLC acquired a new position in Schwab US Dividend Equity ETF in the third quarter valued at about $34,000. Barrett & Company Inc. bought a new position in Schwab US Dividend Equity ETF during the third quarter worth about $34,000. Cassady Schiller Wealth Management LLC acquired a new position in shares of Schwab US Dividend Equity ETF during the 3rd quarter worth about $38,000. Finally, Phillips Financial Management LLC grew its position in shares of Schwab US Dividend Equity ETF by 144.8% during the 3rd quarter. Phillips Financial Management LLC now owns 661 shares of the company’s stock worth $56,000 after buying an additional 391 shares during the period.

Schwab US Dividend Equity ETF Price Performance

Shares of NYSEARCA:SCHD opened at $28.26 on Tuesday. The firm’s 50 day simple moving average is $27.69 and its 200 day simple moving average is $28.05. Schwab US Dividend Equity ETF has a fifty-two week low of $25.18 and a fifty-two week high of $29.72. The company has a market capitalization of $69.24 billion, a price-to-earnings ratio of 17.48 and a beta of 0.88.

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.