Payne Capital LLC Boosts Stock Position in Schwab US Dividend Equity ETF $SCHD

Payne Capital LLC raised its holdings in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD – Free Report) by 1,281.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 236,418 shares of the company’s stock after purchasing an additional 219,303 shares during the quarter. Schwab US Dividend Equity ETF makes up 6.7% of Payne Capital LLC’s holdings, making the stock its 4th biggest position. Payne Capital LLC’s holdings in Schwab US Dividend Equity ETF were worth $7,253,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Mountain Hill Investment Partners Corp. raised its holdings in Schwab US Dividend Equity ETF by 1,241.8% in the 4th quarter. Mountain Hill Investment Partners Corp. now owns 899 shares of the company’s stock valued at $25,000 after acquiring an additional 832 shares during the period. Merrithew & Thorsten Inc bought a new stake in shares of Schwab US Dividend Equity ETF during the fourth quarter worth approximately $25,000. Field & Main Bank acquired a new position in shares of Schwab US Dividend Equity ETF in the fourth quarter valued at approximately $29,000. Dynamic Wealth Strategies LLC bought a new position in shares of Schwab US Dividend Equity ETF during the fourth quarter worth approximately $29,000. Finally, Triumph Capital Management bought a new position in shares of Schwab US Dividend Equity ETF during the third quarter worth approximately $33,000.

Schwab US Dividend Equity ETF Trading Up 0.8%

NYSEARCA:SCHD opened at $31.96 on Friday. The stock has a 50 day simple moving average of $31.93 and a 200 day simple moving average of $30.55. The stock has a market cap of $90.72 billion, a P/E ratio of 14.57 and a beta of 0.67. Schwab US Dividend Equity ETF has a 1-year low of $26.21 and a 1-year high of $32.92.

Schwab US Dividend Equity ETF Profile

(Free Report)

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.

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