Segment Wealth Management LLC Buys 38,420 Shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Segment Wealth Management LLC raised its position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 200.0% during the fourth quarter, HoldingsChannel reports. The fund owned 57,630 shares of the company’s stock after acquiring an additional 38,420 shares during the quarter. Segment Wealth Management LLC’s holdings in Schwab US Dividend Equity ETF were worth $1,574,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Central Pacific Bank Trust Division grew its position in Schwab US Dividend Equity ETF by 200.0% in the 4th quarter. Central Pacific Bank Trust Division now owns 906 shares of the company’s stock valued at $25,000 after acquiring an additional 604 shares during the last quarter. Hoese & Co LLP bought a new stake in Schwab US Dividend Equity ETF during the 4th quarter valued at about $26,000. IFS Advisors LLC boosted its position in Schwab US Dividend Equity ETF by 184.4% in the 4th quarter. IFS Advisors LLC now owns 1,078 shares of the company’s stock valued at $29,000 after buying an additional 699 shares during the period. Kennebec Savings Bank bought a new position in Schwab US Dividend Equity ETF in the 3rd quarter worth about $31,000. Finally, Barrett & Company Inc. purchased a new position in shares of Schwab US Dividend Equity ETF during the third quarter worth approximately $34,000.

Schwab US Dividend Equity ETF Stock Up 0.6 %

Shares of NYSEARCA:SCHD opened at $27.99 on Tuesday. The business’s 50 day moving average is $28.16 and its 200 day moving average is $27.85. The stock has a market cap of $19.63 billion, a P/E ratio of 15.04 and a beta of 0.74. Schwab US Dividend Equity ETF has a 52-week low of $25.03 and a 52-week high of $29.72.

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.