Fagan Associates Inc. Raises Holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Fagan Associates Inc. increased its holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 196.9% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 178,912 shares of the company’s stock after acquiring an additional 118,660 shares during the period. Fagan Associates Inc.’s holdings in Schwab US Dividend Equity ETF were worth $4,888,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in SCHD. Kennebec Savings Bank purchased a new position in shares of Schwab US Dividend Equity ETF during the third quarter worth $31,000. Legacy Investment Solutions LLC purchased a new position in shares of Schwab US Dividend Equity ETF during the third quarter worth $34,000. Barrett & Company Inc. purchased a new position in shares of Schwab US Dividend Equity ETF during the third quarter worth $34,000. Cassady Schiller Wealth Management LLC purchased a new position in shares of Schwab US Dividend Equity ETF during the third quarter worth $38,000. Finally, Phillips Financial Management LLC boosted its position in shares of Schwab US Dividend Equity ETF by 144.8% during the third quarter. Phillips Financial Management LLC now owns 661 shares of the company’s stock worth $56,000 after buying an additional 391 shares during the period.

Schwab US Dividend Equity ETF Stock Up 0.7 %

SCHD opened at $27.99 on Wednesday. Schwab US Dividend Equity ETF has a 52 week low of $25.18 and a 52 week high of $29.72. The business has a fifty day simple moving average of $27.70 and a 200-day simple moving average of $28.01. The firm has a market cap of $68.58 billion, a P/E ratio of 17.48 and a beta of 0.88.

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.