Garrison Asset Management LLC Raises Stock Holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Garrison Asset Management LLC increased its holdings in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 17.4% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 14,688 shares of the company’s stock after purchasing an additional 2,173 shares during the quarter. Garrison Asset Management LLC’s holdings in Schwab US Dividend Equity ETF were worth $1,118,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Raleigh Capital Management Inc. purchased a new position in Schwab US Dividend Equity ETF during the third quarter worth about $28,000. Bear Mountain Capital Inc. acquired a new stake in Schwab US Dividend Equity ETF during the fourth quarter worth about $34,000. Howe & Rusling Inc. increased its stake in Schwab US Dividend Equity ETF by 209.8% during the third quarter. Howe & Rusling Inc. now owns 508 shares of the company’s stock worth $36,000 after acquiring an additional 344 shares during the last quarter. Carmel Capital Partners LLC acquired a new stake in Schwab US Dividend Equity ETF during the third quarter worth about $39,000. Finally, WestHill Financial Advisors Inc. increased its stake in Schwab US Dividend Equity ETF by 106.3% during the third quarter. WestHill Financial Advisors Inc. now owns 619 shares of the company’s stock worth $44,000 after acquiring an additional 319 shares during the last quarter.

Schwab US Dividend Equity ETF Trading Up 0.8 %

NYSEARCA:SCHD traded up $0.59 on Monday, hitting $77.24. 3,069,060 shares of the stock were exchanged, compared to its average volume of 3,663,217. The stock has a market cap of $54.13 billion, a PE ratio of 15.00 and a beta of 0.79. The stock has a fifty day moving average of $78.22 and a 200-day moving average of $74.99. Schwab US Dividend Equity ETF has a fifty-two week low of $66.67 and a fifty-two week high of $80.82.

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.