Cedar Wealth Management LLC Acquires 793,489 Shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Cedar Wealth Management LLC lifted its holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 171.2% in the 4th quarter, Holdings Channel.com reports. The fund owned 1,256,921 shares of the company’s stock after buying an additional 793,489 shares during the quarter. Schwab US Dividend Equity ETF comprises approximately 12.4% of Cedar Wealth Management LLC’s portfolio, making the stock its 2nd largest holding. Cedar Wealth Management LLC’s holdings in Schwab US Dividend Equity ETF were worth $34,339,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the business. Central Pacific Bank Trust Division increased its holdings in Schwab US Dividend Equity ETF by 200.0% in the 4th quarter. Central Pacific Bank Trust Division now owns 906 shares of the company’s stock valued at $25,000 after purchasing an additional 604 shares in the last quarter. Hoese & Co LLP acquired a new stake in shares of Schwab US Dividend Equity ETF in the fourth quarter valued at about $26,000. Moisand Fitzgerald Tamayo LLC raised its holdings in shares of Schwab US Dividend Equity ETF by 294.3% during the 4th quarter. Moisand Fitzgerald Tamayo LLC now owns 1,041 shares of the company’s stock valued at $28,000 after buying an additional 777 shares during the period. PFG Private Wealth Management LLC raised its holdings in shares of Schwab US Dividend Equity ETF by 200.0% during the 4th quarter. PFG Private Wealth Management LLC now owns 1,029 shares of the company’s stock valued at $28,000 after buying an additional 686 shares during the period. Finally, IFS Advisors LLC lifted its position in Schwab US Dividend Equity ETF by 184.4% during the 4th quarter. IFS Advisors LLC now owns 1,078 shares of the company’s stock worth $29,000 after acquiring an additional 699 shares in the last quarter.

Schwab US Dividend Equity ETF Stock Down 0.7 %

Shares of NYSEARCA:SCHD opened at $27.76 on Friday. The company has a market capitalization of $68.84 billion, a price-to-earnings ratio of 17.56 and a beta of 0.86. The company has a 50 day moving average of $27.95 and a two-hundred day moving average of $28.13. Schwab US Dividend Equity ETF has a 52-week low of $25.18 and a 52-week high of $29.72.

Schwab US Dividend Equity ETF Company 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.