Portside Wealth Group LLC Makes New Investment in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Portside Wealth Group LLC purchased a new position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) during the 4th quarter, Holdings Channel.com reports. The fund purchased 2,498 shares of the company’s stock, valued at approximately $68,000.

Several other institutional investors have also recently made changes to their positions in SCHD. Edgestream Partners L.P. increased its position in shares of Schwab US Dividend Equity ETF by 148.3% during the 2nd quarter. Edgestream Partners L.P. now owns 9,110 shares of the company’s stock worth $708,000 after purchasing an additional 5,441 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its stake in shares of Schwab US Dividend Equity ETF by 6.3% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 6,593 shares of the company’s stock worth $513,000 after acquiring an additional 392 shares during the period. Hollencrest Capital Management boosted its stake in shares of Schwab US Dividend Equity ETF by 536.0% during the 2nd quarter. Hollencrest Capital Management now owns 1,253 shares of the company’s stock worth $97,000 after acquiring an additional 1,056 shares during the period. AE Wealth Management LLC boosted its stake in shares of Schwab US Dividend Equity ETF by 3.8% during the 2nd quarter. AE Wealth Management LLC now owns 96,893 shares of the company’s stock worth $7,534,000 after acquiring an additional 3,574 shares during the period. Finally, Garden State Investment Advisory Services LLC boosted its stake in shares of Schwab US Dividend Equity ETF by 0.5% during the 2nd quarter. Garden State Investment Advisory Services LLC now owns 115,959 shares of the company’s stock worth $9,122,000 after acquiring an additional 612 shares during the period.

Schwab US Dividend Equity ETF Trading Up 0.6 %

Shares of NYSEARCA SCHD opened at $27.99 on Friday. Schwab US Dividend Equity ETF has a 12 month low of $25.03 and a 12 month high of $29.72. The stock has a 50 day moving average of $28.19 and a 200-day moving average of $27.82. The company has a market capitalization of $19.63 billion, a P/E ratio of 15.04 and a beta of 0.74.

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.