340,952 Shares in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) Purchased by EWG Elevate Inc.

EWG Elevate Inc. acquired a new stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 340,952 shares of the company’s stock, valued at approximately $9,315,000. Schwab US Dividend Equity ETF accounts for approximately 2.8% of EWG Elevate Inc.’s investment portfolio, making the stock its 8th largest holding.

Several other hedge funds have also recently made changes to their positions in the company. Kennebec Savings Bank bought a new stake in shares of Schwab US Dividend Equity ETF during the 3rd quarter valued at $31,000. Legacy Investment Solutions LLC bought a new position in Schwab US Dividend Equity ETF in the 3rd quarter valued at $34,000. Barrett & Company Inc. purchased a new position in shares of Schwab US Dividend Equity ETF during the 3rd quarter valued at $34,000. Cassady Schiller Wealth Management LLC purchased a new stake in shares of Schwab US Dividend Equity ETF in the third quarter worth $38,000. Finally, Fairfield Financial Advisors LTD purchased a new stake in shares of Schwab US Dividend Equity ETF in the second quarter worth $39,000.

Schwab US Dividend Equity ETF Trading Down 1.1 %

Shares of SCHD opened at $27.01 on Monday. Schwab US Dividend Equity ETF has a 12-month low of $24.97 and a 12-month high of $29.72. The company has a market cap of $18.95 billion, a PE ratio of 15.04 and a beta of 0.74. The stock has a 50-day moving average price of $28.29 and a 200-day moving average price of $27.77.

Schwab US Dividend Equity ETF 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.