Kraft Davis & Associates LLC Takes $4.71 Million Position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Kraft Davis & Associates LLC bought a new position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) during the first quarter, Holdings Channel reports. The firm bought 168,527 shares of the company’s stock, valued at approximately $4,712,000. Schwab US Dividend Equity ETF comprises about 1.5% of Kraft Davis & Associates LLC’s portfolio, making the stock its 24th biggest position.

Several other large investors have also added to or reduced their stakes in SCHD. Ritter Daniher Financial Advisory LLC DE grew its holdings in Schwab US Dividend Equity ETF by 200.0% during the fourth quarter. Ritter Daniher Financial Advisory LLC DE now owns 975 shares of the company’s stock worth $27,000 after buying an additional 650 shares in the last quarter. Opal Wealth Advisors LLC purchased a new position in Schwab US Dividend Equity ETF during the 1st quarter worth $27,000. PFG Private Wealth Management LLC grew its stake in shares of Schwab US Dividend Equity ETF by 200.0% in the 4th quarter. PFG Private Wealth Management LLC now owns 1,029 shares of the company’s stock worth $28,000 after acquiring an additional 686 shares in the last quarter. Mountain Hill Investment Partners Corp. purchased a new stake in shares of Schwab US Dividend Equity ETF in the fourth quarter valued at about $29,000. Finally, Summit Securities Group LLC bought a new position in shares of Schwab US Dividend Equity ETF during the fourth quarter valued at about $33,000.

Schwab US Dividend Equity ETF Stock Performance

Shares of SCHD stock opened at $26.20 on Thursday. The company has a market capitalization of $68.12 billion, a price-to-earnings ratio of 14.34 and a beta of 0.80. The company has a 50-day simple moving average of $26.17 and a two-hundred day simple moving average of $27.05. Schwab US Dividend Equity ETF has a 52-week low of $23.87 and a 52-week 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.