Lindbrook Capital LLC Buys 1,709 Shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Lindbrook Capital LLC raised its stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 247.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,400 shares of the company’s stock after purchasing an additional 1,709 shares during the period. Lindbrook Capital LLC’s holdings in Schwab US Dividend Equity ETF were worth $66,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of SCHD. Washington Trust Advisors Inc. lifted its holdings in shares of Schwab US Dividend Equity ETF by 351.9% during the 4th quarter. Washington Trust Advisors Inc. now owns 23,476 shares of the company’s stock worth $641,000 after acquiring an additional 18,281 shares during the period. PFG Private Wealth Management LLC lifted its holdings in shares of Schwab US Dividend Equity ETF by 200.0% during the 4th quarter. PFG Private Wealth Management LLC now owns 1,029 shares of the company’s stock worth $28,000 after acquiring an additional 686 shares during the period. GPM Growth Investors Inc. lifted its holdings in shares of Schwab US Dividend Equity ETF by 202.4% during the 4th quarter. GPM Growth Investors Inc. now owns 100,761 shares of the company’s stock worth $2,753,000 after acquiring an additional 67,441 shares during the period. Townsend Asset Management Corp NC ADV lifted its holdings in shares of Schwab US Dividend Equity ETF by 200.6% during the 4th quarter. Townsend Asset Management Corp NC ADV now owns 79,793 shares of the company’s stock worth $2,180,000 after acquiring an additional 53,247 shares during the period. Finally, Straight Path Wealth Management lifted its holdings in shares of Schwab US Dividend Equity ETF by 166.8% during the 4th quarter. Straight Path Wealth Management now owns 12,087 shares of the company’s stock worth $330,000 after acquiring an additional 7,556 shares during the period.

Schwab US Dividend Equity ETF Stock Performance

NYSEARCA:SCHD opened at $28.46 on Friday. The company has a 50-day moving average of $27.85 and a 200-day moving average of $28.13. The company has a market capitalization of $69.73 billion, a price-to-earnings ratio of 17.56 and a beta of 0.88. Schwab US Dividend Equity ETF has a 52 week low of $25.18 and a 52 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.