Argent Capital Management LLC Purchases New Stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Argent Capital Management LLC bought a new stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) during the fourth quarter, HoldingsChannel.com reports. The firm bought 32,253 shares of the company’s stock, valued at approximately $881,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Kennebec Savings Bank bought a new stake in shares of Schwab US Dividend Equity ETF in the 3rd quarter valued at $31,000. Legacy Investment Solutions LLC acquired a new position in Schwab US Dividend Equity ETF during the third quarter worth $34,000. Barrett & Company Inc. purchased a new stake in shares of Schwab US Dividend Equity ETF in the third quarter valued at about $34,000. Cassady Schiller Wealth Management LLC purchased a new stake in shares of Schwab US Dividend Equity ETF in the third quarter valued at about $38,000. Finally, Quent Capital LLC raised its holdings in shares of Schwab US Dividend Equity ETF by 86.6% in the third quarter. Quent Capital LLC now owns 517 shares of the company’s stock valued at $44,000 after purchasing an additional 240 shares during the last quarter.

Schwab US Dividend Equity ETF Stock Performance

SCHD opened at $27.82 on Thursday. The firm has a market cap of $19.52 billion, a P/E ratio of 15.04 and a beta of 0.74. The firm has a 50-day moving average of $28.23 and a 200 day moving average of $27.79. Schwab US Dividend Equity ETF has a fifty-two week low of $24.97 and a fifty-two week high of $29.72.

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.