Richardson Capital Management LLC Has $38.17 Million Position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Richardson Capital Management LLC boosted its position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 203.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,397,211 shares of the company’s stock after acquiring an additional 936,444 shares during the period. Schwab US Dividend Equity ETF accounts for about 24.3% of Richardson Capital Management LLC’s holdings, making the stock its 2nd biggest position. Richardson Capital Management LLC owned approximately 0.20% of Schwab US Dividend Equity ETF worth $38,172,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. O ROURKE & COMPANY Inc grew its position in Schwab US Dividend Equity ETF by 5.7% in the 3rd quarter. O ROURKE & COMPANY Inc now owns 6,738 shares of the company’s stock valued at $570,000 after purchasing an additional 366 shares during the period. Kennebec Savings Bank bought a new position in shares of Schwab US Dividend Equity ETF in the third quarter valued at $31,000. Galvin Gaustad & Stein LLC grew its holdings in shares of Schwab US Dividend Equity ETF by 2.1% during the third quarter. Galvin Gaustad & Stein LLC now owns 17,987 shares of the company’s stock valued at $1,520,000 after buying an additional 377 shares during the last quarter. Phillips Financial Management LLC increased its position in shares of 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. Finally, Carmichael Hill & Associates Inc. raised its holdings in shares of Schwab US Dividend Equity ETF by 1.9% in the 3rd quarter. Carmichael Hill & Associates Inc. now owns 21,086 shares of the company’s stock worth $1,782,000 after acquiring an additional 394 shares during the last quarter.

Schwab US Dividend Equity ETF Stock Performance

Shares of NYSEARCA SCHD opened at $28.21 on Friday. The firm’s 50-day simple moving average is $27.69 and its 200 day simple moving average is $28.03. The stock has a market cap of $69.11 billion, a price-to-earnings ratio of 17.48 and a beta of 0.88. Schwab US Dividend Equity ETF has a fifty-two week low of $25.18 and a fifty-two week high of $29.72.

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.