Schwab US Dividend Equity ETF $SCHD Shares Acquired by Stonehearth Capital Management LLC

Stonehearth Capital Management LLC increased its position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 50.7% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 969,332 shares of the company’s stock after buying an additional 326,071 shares during the period. Schwab US Dividend Equity ETF accounts for about 10.5% of Stonehearth Capital Management LLC’s holdings, making the stock its 2nd largest holding. Stonehearth Capital Management LLC’s holdings in Schwab US Dividend Equity ETF were worth $30,738,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Wells Fargo & Company MN lifted its stake in shares of Schwab US Dividend Equity ETF by 5.7% in the 4th quarter. Wells Fargo & Company MN now owns 10,203,553 shares of the company’s stock valued at $279,883,000 after purchasing an additional 552,907 shares in the last quarter. Avantax Planning Partners Inc. lifted its position in Schwab US Dividend Equity ETF by 3.8% during the fourth quarter. Avantax Planning Partners Inc. now owns 10,106,223 shares of the company’s stock valued at $277,214,000 after buying an additional 366,548 shares in the last quarter. Cassaday & Co Wealth Management LLC lifted its position in Schwab US Dividend Equity ETF by 3.5% during the first quarter. Cassaday & Co Wealth Management LLC now owns 9,569,026 shares of the company’s stock valued at $293,578,000 after buying an additional 324,778 shares in the last quarter. Royal Bank of Canada grew its stake in Schwab US Dividend Equity ETF by 8.3% during the first quarter. Royal Bank of Canada now owns 8,655,941 shares of the company’s stock worth $265,563,000 after buying an additional 660,876 shares during the period. Finally, Cibc World Market Inc. grew its stake in Schwab US Dividend Equity ETF by 31.8% during the fourth quarter. Cibc World Market Inc. now owns 7,022,759 shares of the company’s stock worth $192,634,000 after buying an additional 1,694,144 shares during the period.

Schwab US Dividend Equity ETF Stock Up 0.2%

Schwab US Dividend Equity ETF stock opened at $33.70 on Friday. Schwab US Dividend Equity ETF has a 52-week low of $26.32 and a 52-week high of $34.24. The firm has a fifty day moving average of $32.59 and a 200-day moving average of $31.59. The firm has a market capitalization of $104.70 billion, a P/E ratio of 14.57 and a beta of 0.67.

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.