Spectrum Management Group Inc. Acquires 230 Shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Spectrum Management Group Inc. increased its position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 0.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 85,985 shares of the company’s stock after purchasing an additional 230 shares during the period. Schwab US Dividend Equity ETF accounts for 1.3% of Spectrum Management Group Inc.’s portfolio, making the stock its 13th largest holding. Spectrum Management Group Inc.’s holdings in Schwab US Dividend Equity ETF were worth $4,563,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the company. Mercer Global Advisors Inc. ADV purchased a new position in Schwab US Dividend Equity ETF in the 1st quarter worth approximately $20,600,000. Joseph P. Lucia & Associates LLC bought a new position in shares of Schwab US Dividend Equity ETF in the first quarter worth $7,361,000. Enterprise Financial Services Corp bought a new position in shares of Schwab US Dividend Equity ETF in the first quarter worth $14,143,000. Envestnet Asset Management Inc. grew its stake in shares of Schwab US Dividend Equity ETF by 23.8% in the first quarter. Envestnet Asset Management Inc. now owns 1,278,204 shares of the company’s stock worth $66,825,000 after purchasing an additional 245,558 shares in the last quarter. Finally, NBT Bank N A NY bought a new position in shares of Schwab US Dividend Equity ETF in the first quarter worth $9,029,000.

Shares of NYSEARCA:SCHD traded up $0.87 on Friday, hitting $52.11. The company’s stock had a trading volume of 13,141 shares, compared to its average volume of 884,671. Schwab US Dividend Equity ETF has a 12 month low of $44.03 and a 12 month high of $55.12. The stock’s 50-day moving average is $53.44 and its two-hundred day moving average is $52.55.

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Institutional Ownership by Quarter for Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

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