Spire Wealth Management Acquires 5,299 Shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Spire Wealth Management raised its holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 5.8% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 96,063 shares of the company’s stock after purchasing an additional 5,299 shares during the quarter. Spire Wealth Management’s holdings in Schwab US Dividend Equity ETF were worth $7,357,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Raleigh Capital Management Inc. bought a new stake in Schwab US Dividend Equity ETF in the 3rd quarter valued at $28,000. Signature Resources Capital Management LLC bought a new stake in shares of Schwab US Dividend Equity ETF in the fourth quarter valued at about $32,000. Bear Mountain Capital Inc. acquired a new stake in Schwab US Dividend Equity ETF in the 4th quarter worth about $34,000. Howe & Rusling Inc. grew its position in shares of Schwab US Dividend Equity ETF by 209.8% during the 3rd quarter. Howe & Rusling Inc. now owns 508 shares of the company’s stock worth $36,000 after purchasing an additional 344 shares in the last quarter. Finally, Carmel Capital Partners LLC acquired a new position in shares of Schwab US Dividend Equity ETF during the 3rd quarter worth approximately $39,000.

Schwab US Dividend Equity ETF Stock Performance

Shares of SCHD stock traded up $0.52 during trading on Tuesday, hitting $78.65. The company had a trading volume of 411,018 shares, compared to its average volume of 3,533,034. The firm has a market capitalization of $55.02 billion, a P/E ratio of 14.82 and a beta of 0.77. Schwab US Dividend Equity ETF has a one year low of $66.67 and a one year high of $80.82. The stock’s 50-day moving average price is $78.32 and its 200 day moving average price is $75.55.

Schwab US Dividend Equity ETF Profile

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.