Sax Wealth Advisors LLC Raises Stock Position in Schwab US Dividend Equity ETF $SCHD

Sax Wealth Advisors LLC lifted its holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 146.0% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 39,444 shares of the company’s stock after buying an additional 23,408 shares during the period. Sax Wealth Advisors LLC’s holdings in Schwab US Dividend Equity ETF were worth $1,210,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the business. Byrne Asset Management LLC purchased a new position in Schwab US Dividend Equity ETF in the second quarter worth about $26,000. Mountain Hill Investment Partners Corp. increased its stake in Schwab US Dividend Equity ETF by 1,241.8% during the fourth quarter. Mountain Hill Investment Partners Corp. now owns 899 shares of the company’s stock worth $25,000 after acquiring an additional 832 shares during the last quarter. Merrithew & Thorsten Inc purchased a new stake in Schwab US Dividend Equity ETF during the fourth quarter valued at approximately $25,000. Field & Main Bank purchased a new stake in Schwab US Dividend Equity ETF during the fourth quarter valued at approximately $29,000. Finally, Ashton Thomas Securities LLC purchased a new stake in Schwab US Dividend Equity ETF during the first quarter valued at approximately $32,000.

Schwab US Dividend Equity ETF Price Performance

NYSEARCA:SCHD opened at $33.90 on Monday. The firm has a market capitalization of $105.32 billion, a price-to-earnings ratio of 14.57 and a beta of 0.67. The business has a 50 day simple moving average of $32.62 and a 200-day simple moving average of $31.63. Schwab US Dividend Equity ETF has a 1 year low of $26.32 and a 1 year high of $34.24.

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.