Davis Capital Management Increases Stock Holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Davis Capital Management raised its holdings in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHDFree Report) by 2.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 110,813 shares of the company’s stock after purchasing an additional 2,499 shares during the quarter. Schwab US Dividend Equity ETF accounts for approximately 7.9% of Davis Capital Management’s investment portfolio, making the stock its 2nd largest holding. Davis Capital Management’s holdings in Schwab US Dividend Equity ETF were worth $8,881,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. AMG National Trust Bank grew its stake in Schwab US Dividend Equity ETF by 0.3% in the 4th quarter. AMG National Trust Bank now owns 47,802 shares of the company’s stock worth $3,639,000 after acquiring an additional 130 shares in the last quarter. Bogart Wealth LLC increased its stake in shares of Schwab US Dividend Equity ETF by 2.9% during the fourth quarter. Bogart Wealth LLC now owns 4,784 shares of the company’s stock valued at $364,000 after buying an additional 135 shares during the period. Grey Street Capital LLC lifted its stake in Schwab US Dividend Equity ETF by 1.0% in the fourth quarter. Grey Street Capital LLC now owns 13,599 shares of the company’s stock worth $1,035,000 after acquiring an additional 136 shares during the period. Zullo Investment Group Inc. grew its holdings in Schwab US Dividend Equity ETF by 0.5% during the 4th quarter. Zullo Investment Group Inc. now owns 32,014 shares of the company’s stock worth $2,437,000 after acquiring an additional 144 shares in the last quarter. Finally, StrategIQ Financial Group LLC increased its position in Schwab US Dividend Equity ETF by 1.0% during the 4th quarter. StrategIQ Financial Group LLC now owns 14,156 shares of the company’s stock valued at $1,078,000 after purchasing an additional 145 shares during the period.

Schwab US Dividend Equity ETF Trading Up 0.4 %

Shares of SCHD traded up $0.34 during mid-day trading on Wednesday, hitting $77.64. The company’s stock had a trading volume of 2,440,400 shares, compared to its average volume of 3,326,327. The firm has a market capitalization of $54.46 billion, a price-to-earnings ratio of 15.04 and a beta of 0.74. The company’s 50-day moving average is $77.91 and its 200-day moving average is $77.34. Schwab US Dividend Equity ETF has a 52-week low of $66.67 and a 52-week high of $80.82.

About Schwab US Dividend Equity ETF

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

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