Smith Anglin Financial LLC Purchases 76,672 Shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Smith Anglin Financial LLC grew its position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 195.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 115,861 shares of the company’s stock after acquiring an additional 76,672 shares during the quarter. Smith Anglin Financial LLC’s holdings in Schwab US Dividend Equity ETF were worth $3,165,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Colorado Capital Management Inc. boosted its stake in Schwab US Dividend Equity ETF by 1.1% in the third quarter. Colorado Capital Management Inc. now owns 11,596 shares of the company’s stock valued at $980,000 after acquiring an additional 121 shares in the last quarter. Brick & Kyle Associates lifted its holdings in shares of Schwab US Dividend Equity ETF by 2.9% during the 2nd quarter. Brick & Kyle Associates now owns 4,551 shares of the company’s stock valued at $354,000 after purchasing an additional 130 shares during the last quarter. Ascent Group LLC boosted its position in shares of Schwab US Dividend Equity ETF by 1.2% in the 2nd 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 stake in Schwab US Dividend Equity ETF by 4.2% during the 3rd quarter. Sunflower Bank N.A. now owns 4,542 shares of the company’s stock worth $384,000 after buying an additional 185 shares during the last quarter. Finally, Sound Income Strategies LLC increased its position in Schwab US Dividend Equity ETF by 12.5% during the 3rd quarter. Sound Income Strategies LLC now owns 1,720 shares of the company’s stock valued at $145,000 after buying an additional 191 shares in the last quarter.

Schwab US Dividend Equity ETF Stock Up 1.3 %

SCHD stock opened at $27.88 on Wednesday. The firm has a 50 day moving average of $28.26 and a 200 day moving average of $27.79. The stock has a market capitalization of $19.56 billion, a PE ratio of 15.04 and a beta of 0.74. Schwab US Dividend Equity ETF has a 52 week low of $24.97 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.