Eagle Ridge Investment Management Has $3.07 Million Holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Eagle Ridge Investment Management boosted its stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 200.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 112,330 shares of the company’s stock after purchasing an additional 74,886 shares during the quarter. Eagle Ridge Investment Management’s holdings in Schwab US Dividend Equity ETF were worth $3,069,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Kennebec Savings Bank acquired a new position in Schwab US Dividend Equity ETF during the third quarter worth about $31,000. Legacy Investment Solutions LLC acquired a new position in Schwab US Dividend Equity ETF during the third quarter worth about $34,000. Barrett & Company Inc. acquired a new position in Schwab US Dividend Equity ETF during the third quarter worth about $34,000. Cassady Schiller Wealth Management LLC acquired a new position in Schwab US Dividend Equity ETF during the third quarter worth about $38,000. Finally, Phillips Financial Management LLC raised its stake in Schwab US Dividend Equity ETF by 144.8% during the third quarter. Phillips Financial Management LLC now owns 661 shares of the company’s stock worth $56,000 after acquiring an additional 391 shares in the last quarter.

Schwab US Dividend Equity ETF Trading Down 0.7 %

Shares of NYSEARCA SCHD opened at $27.75 on Friday. The company has a market cap of $19.47 billion, a price-to-earnings ratio of 15.04 and a beta of 0.74. Schwab US Dividend Equity ETF has a 12 month low of $25.16 and a 12 month high of $29.72. The stock has a 50-day moving average price of $27.92 and a two-hundred day moving average price of $27.97.

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.