Thoroughbred Financial Services LLC Acquires 16,661 Shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Thoroughbred Financial Services LLC lifted its holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 11.8% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 158,351 shares of the company’s stock after acquiring an additional 16,661 shares during the period. Schwab US Dividend Equity ETF makes up approximately 0.8% of Thoroughbred Financial Services LLC’s investment portfolio, making the stock its 22nd largest position. Thoroughbred Financial Services LLC’s holdings in Schwab US Dividend Equity ETF were worth $12,313,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of SCHD. Archer Investment Corp grew its holdings in shares of Schwab US Dividend Equity ETF by 21.7% during the 2nd quarter. Archer Investment Corp now owns 723 shares of the company’s stock worth $56,000 after purchasing an additional 129 shares in the last quarter. AMG National Trust Bank grew its stake in Schwab US Dividend Equity ETF by 0.3% during the fourth quarter. AMG National Trust Bank now owns 47,802 shares of the company’s stock worth $3,639,000 after buying an additional 130 shares in the last quarter. PDS Planning Inc increased its holdings in Schwab US Dividend Equity ETF by 2.2% in the 1st quarter. PDS Planning Inc now owns 6,203 shares of the company’s stock valued at $500,000 after buying an additional 132 shares during the period. SOA Wealth Advisors LLC. raised its position in shares of Schwab US Dividend Equity ETF by 1.0% in the 1st quarter. SOA Wealth Advisors LLC. now owns 13,177 shares of the company’s stock valued at $1,062,000 after buying an additional 133 shares in the last quarter. Finally, Resonant Capital Advisors LLC lifted its holdings in shares of Schwab US Dividend Equity ETF by 4.2% during the 1st quarter. Resonant Capital Advisors LLC now owns 3,316 shares of the company’s stock worth $267,000 after acquiring an additional 135 shares during the period.

Schwab US Dividend Equity ETF Price Performance

Shares of NYSEARCA:SCHD opened at $83.36 on Friday. Schwab US Dividend Equity ETF has a 1 year low of $66.67 and a 1 year high of $84.57. The stock has a market capitalization of $58.48 billion, a price-to-earnings ratio of 15.04 and a beta of 0.74. The company’s 50 day simple moving average is $81.56 and its 200 day simple moving average is $79.40.

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.