Schwab US Dividend Equity ETF (NYSEARCA:SCHD) Shares Bought by New Insight Wealth Advisors

New Insight Wealth Advisors grew its stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 216.6% in the fourth quarter, HoldingsChannel.com reports. The fund owned 522,380 shares of the company’s stock after acquiring an additional 357,380 shares during the period. Schwab US Dividend Equity ETF makes up 7.1% of New Insight Wealth Advisors’ investment portfolio, making the stock its 2nd largest position. New Insight Wealth Advisors’ holdings in Schwab US Dividend Equity ETF were worth $14,271,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of SCHD. Kennebec Savings Bank bought a new position in shares of Schwab US Dividend Equity ETF in the third quarter worth $31,000. Phillips Financial Management LLC grew its stake in Schwab US Dividend Equity ETF by 144.8% during the third quarter. Phillips Financial Management LLC now owns 661 shares of the company’s stock worth $56,000 after buying an additional 391 shares in the last quarter. Legacy Investment Solutions LLC bought a new position in Schwab US Dividend Equity ETF in the 3rd quarter valued at about $34,000. Anchor Investment Management LLC increased its holdings in Schwab US Dividend Equity ETF by 1.1% in the 3rd quarter. Anchor Investment Management LLC now owns 38,517 shares of the company’s stock valued at $3,256,000 after buying an additional 428 shares during the period. Finally, Beam Wealth Advisors Inc. raised its position in shares of Schwab US Dividend Equity ETF by 1.4% in the 3rd quarter. Beam Wealth Advisors Inc. now owns 30,773 shares of the company’s stock valued at $2,601,000 after buying an additional 429 shares in the last quarter.

Schwab US Dividend Equity ETF Trading Up 1.4 %

NYSEARCA SCHD opened at $28.46 on Monday. The firm’s 50 day simple moving average is $27.85 and its 200 day simple moving average is $28.13. The firm has a market capitalization of $69.73 billion, a price-to-earnings ratio of 17.56 and a beta of 0.88. Schwab US Dividend Equity ETF has a 1 year low of $25.18 and a 1 year high of $29.72.

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.