Clear Point Advisors Inc. Buys 19,782 Shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Clear Point Advisors Inc. raised its holdings in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 201.4% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 29,604 shares of the company’s stock after acquiring an additional 19,782 shares during the period. Clear Point Advisors Inc.’s holdings in Schwab US Dividend Equity ETF were worth $809,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Central Pacific Bank Trust Division lifted its stake in shares of Schwab US Dividend Equity ETF by 200.0% in the 4th quarter. Central Pacific Bank Trust Division now owns 906 shares of the company’s stock valued at $25,000 after acquiring an additional 604 shares during the last quarter. Hoese & Co LLP purchased a new stake in shares of Schwab US Dividend Equity ETF in the 4th quarter worth approximately $26,000. IFS Advisors LLC grew its stake in shares of Schwab US Dividend Equity ETF by 184.4% in the 4th quarter. IFS Advisors LLC now owns 1,078 shares of the company’s stock worth $29,000 after buying an additional 699 shares during the last quarter. Kennebec Savings Bank purchased a new stake in Schwab US Dividend Equity ETF during the 3rd quarter valued at $31,000. Finally, Olistico Wealth LLC boosted its stake in Schwab US Dividend Equity ETF by 202.2% during the 4th quarter. Olistico Wealth LLC now owns 1,118 shares of the company’s stock valued at $31,000 after purchasing an additional 748 shares during the last quarter.

Schwab US Dividend Equity ETF Trading Up 0.7 %

Shares of SCHD opened at $27.99 on Wednesday. The company has a market cap of $68.58 billion, a price-to-earnings ratio of 17.48 and a beta of 0.88. Schwab US Dividend Equity ETF has a 12 month low of $25.18 and a 12 month high of $29.72. The business’s fifty day simple moving average is $27.70 and its two-hundred day simple moving average is $28.01.

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.