Patten & Patten Inc. TN Buys 24,583 Shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Patten & Patten Inc. TN increased its stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 239.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 34,838 shares of the company’s stock after acquiring an additional 24,583 shares during the period. Patten & Patten Inc. TN’s holdings in Schwab US Dividend Equity ETF were worth $952,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of SCHD. JPMorgan Chase & Co. raised its position in Schwab US Dividend Equity ETF by 7.2% during 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 raised its position in Schwab US Dividend Equity ETF by 200.0% during the 4th quarter. GAMMA Investing LLC now owns 9,753 shares of the company’s stock valued at $266,000 after purchasing an additional 6,502 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in Schwab US Dividend Equity ETF during the 3rd quarter valued at approximately $163,000. Tenon Financial LLC raised its position in Schwab US Dividend Equity ETF by 200.1% during the 4th quarter. Tenon Financial LLC now owns 15,121 shares of the company’s stock valued at $412,000 after purchasing an additional 10,082 shares during the last quarter. Finally, Summit Wealth & Retirement Planning Inc. raised its position in Schwab US Dividend Equity ETF by 195.0% during the 4th quarter. Summit Wealth & Retirement Planning Inc. now owns 26,180 shares of the company’s stock valued at $715,000 after purchasing an additional 17,305 shares during the last quarter.

Schwab US Dividend Equity ETF Price Performance

SCHD opened at $27.64 on Monday. Schwab US Dividend Equity ETF has a one year low of $25.18 and a one year high of $29.72. The business has a 50 day simple moving average of $27.89 and a two-hundred day simple moving average of $28.13. The firm has a market capitalization of $68.55 billion, a price-to-earnings ratio of 17.56 and a beta of 0.86.

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.