Breakwater Capital Group Boosts Stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Breakwater Capital Group boosted its holdings in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 211.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,401 shares of the company’s stock after acquiring an additional 17,243 shares during the period. Breakwater Capital Group’s holdings in Schwab US Dividend Equity ETF were worth $694,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of SCHD. JPMorgan Chase & Co. boosted its holdings 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 valued at $132,552,000 after purchasing an additional 104,855 shares during the last quarter. GAMMA Investing LLC lifted its holdings in Schwab US Dividend Equity ETF by 200.0% in 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 during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Schwab US Dividend Equity ETF in the third quarter valued at approximately $163,000. Synovus Financial Corp grew its position in Schwab US Dividend Equity ETF by 148.1% in the third quarter. Synovus Financial Corp now owns 42,517 shares of the company’s stock worth $3,594,000 after acquiring an additional 25,380 shares during the period. Finally, Anchor Investment Management LLC raised its position in Schwab US Dividend Equity ETF by 1.1% in the third 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 during the period.

Schwab US Dividend Equity ETF Trading Up 1.1 %

Shares of NYSEARCA:SCHD opened at $27.30 on Tuesday. The business has a 50-day moving average price of $28.27 and a 200 day moving average price of $27.78. 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 capitalization of $19.15 billion, a price-to-earnings 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.