Stevens Capital Partners Increases Stock Position in Schwab US Dividend Equity ETF $SCHD

Stevens Capital Partners raised its stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 6.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 332,847 shares of the company’s stock after acquiring an additional 19,288 shares during the quarter. Schwab US Dividend Equity ETF makes up about 2.5% of Stevens Capital Partners’ portfolio, making the stock its 11th biggest position. Stevens Capital Partners’ holdings in Schwab US Dividend Equity ETF were worth $10,212,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of SCHD. Mountain Hill Investment Partners Corp. grew its position in Schwab US Dividend Equity ETF by 1,241.8% during the 4th quarter. Mountain Hill Investment Partners Corp. now owns 899 shares of the company’s stock worth $25,000 after purchasing an additional 832 shares during the last quarter. Merrithew & Thorsten Inc acquired a new stake in shares of Schwab US Dividend Equity ETF in the fourth quarter worth $25,000. Field & Main Bank acquired a new position in Schwab US Dividend Equity ETF during the fourth quarter valued at $29,000. Dynamic Wealth Strategies LLC purchased a new position in shares of Schwab US Dividend Equity ETF during the 4th quarter valued at about $29,000. Finally, Triumph Capital Management acquired a new stake in Schwab US Dividend Equity ETF during the third quarter worth about $33,000.

Schwab US Dividend Equity ETF Stock Up 1.7%

NYSEARCA:SCHD opened at $32.39 on Friday. The stock has a market capitalization of $97.46 billion, a PE ratio of 14.57 and a beta of 0.68. Schwab US Dividend Equity ETF has a 52 week low of $26.21 and a 52 week high of $32.92. The stock’s 50-day moving average price is $32.04 and its 200-day moving average price is $30.70.

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.