516,402 Shares in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) Purchased by Lighthouse Wealth Management Inc.

Lighthouse Wealth Management Inc. bought a new stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 516,402 shares of the company’s stock, valued at approximately $14,108,000. Schwab US Dividend Equity ETF makes up 12.9% of Lighthouse Wealth Management Inc.’s portfolio, making the stock its biggest position.

A number of other hedge funds have also made changes to their positions in SCHD. JPMorgan Chase & Co. increased its position in Schwab US Dividend Equity ETF by 7.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,568,103 shares of the company’s stock worth $132,552,000 after purchasing an additional 104,855 shares during the last quarter. GAMMA Investing LLC raised its position in Schwab US Dividend Equity ETF by 200.0% during the fourth quarter. GAMMA Investing LLC now owns 9,753 shares of the company’s stock valued at $266,000 after acquiring an additional 6,502 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in Schwab US Dividend Equity ETF in the third quarter valued at approximately $163,000. Synovus Financial Corp increased its stake in shares of Schwab US Dividend Equity ETF by 148.1% during the 3rd quarter. Synovus Financial Corp now owns 42,517 shares of the company’s stock worth $3,594,000 after purchasing an additional 25,380 shares during the last quarter. Finally, Anchor Investment Management LLC raised its holdings in shares of Schwab US Dividend Equity ETF by 1.1% during the 3rd quarter. Anchor Investment Management LLC now owns 38,517 shares of the company’s stock valued at $3,256,000 after purchasing an additional 428 shares in the last quarter.

Schwab US Dividend Equity ETF Trading Down 0.1 %

Shares of NYSEARCA:SCHD opened at $28.07 on Monday. The stock has a market capitalization of $19.69 billion, a PE ratio of 15.04 and a beta of 0.74. Schwab US Dividend Equity ETF has a 1 year low of $25.16 and a 1 year high of $29.72. The firm has a fifty day moving average price of $28.10 and a 200 day moving average price of $27.92.

Schwab US Dividend Equity ETF Company Profile

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.