Chesapeake Wealth Management Boosts Position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Chesapeake Wealth Management lifted its holdings in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 203.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 106,446 shares of the company’s stock after purchasing an additional 71,324 shares during the quarter. Schwab US Dividend Equity ETF accounts for approximately 1.0% of Chesapeake Wealth Management’s portfolio, making the stock its 28th largest position. Chesapeake Wealth Management’s holdings in Schwab US Dividend Equity ETF were worth $2,908,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Colorado Capital Management Inc. grew its holdings in shares of Schwab US Dividend Equity ETF by 1.1% during the third quarter. Colorado Capital Management Inc. now owns 11,596 shares of the company’s stock worth $980,000 after purchasing an additional 121 shares in the last quarter. Brick & Kyle Associates grew its holdings in shares of Schwab US Dividend Equity ETF by 2.9% during the second quarter. Brick & Kyle Associates now owns 4,551 shares of the company’s stock worth $354,000 after purchasing an additional 130 shares in the last quarter. Ascent Group LLC grew its holdings in shares of Schwab US Dividend Equity ETF by 1.2% during the second quarter. Ascent Group LLC now owns 12,091 shares of the company’s stock worth $940,000 after purchasing an additional 145 shares in the last quarter. Sunflower Bank N.A. grew its holdings in shares of Schwab US Dividend Equity ETF by 4.2% during the third quarter. Sunflower Bank N.A. now owns 4,542 shares of the company’s stock worth $384,000 after purchasing an additional 185 shares in the last quarter. Finally, Sound Income Strategies LLC grew its holdings in shares of Schwab US Dividend Equity ETF by 12.5% during the third quarter. Sound Income Strategies LLC now owns 1,720 shares of the company’s stock worth $145,000 after purchasing an additional 191 shares in the last quarter.

Schwab US Dividend Equity ETF Trading Up 0.6 %

Shares of NYSEARCA SCHD opened at $27.99 on Tuesday. The firm has a market capitalization of $19.63 billion, a price-to-earnings ratio of 15.04 and a beta of 0.74. The business has a 50-day moving average of $28.16 and a 200-day moving average of $27.85. Schwab US Dividend Equity ETF has a 12 month low of $25.03 and a 12 month high of $29.72.

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.