Rovin Capital UT ADV Has $5.67 Million Position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Rovin Capital UT ADV raised its holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 267.1% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 207,340 shares of the company’s stock after purchasing an additional 150,859 shares during the period. Schwab US Dividend Equity ETF makes up 2.0% of Rovin Capital UT ADV’s portfolio, making the stock its 13th biggest position. Rovin Capital UT ADV’s holdings in Schwab US Dividend Equity ETF were worth $5,665,000 at the end of the most recent quarter.

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

Schwab US Dividend Equity ETF Stock Up 1.1 %

NYSEARCA:SCHD opened at $27.82 on Thursday. The firm has a market cap of $19.52 billion, a PE ratio of 15.04 and a beta of 0.74. Schwab US Dividend Equity ETF has a 12 month low of $24.97 and a 12 month high of $29.72. The company’s 50-day moving average price is $28.23 and its two-hundred day moving average price is $27.79.

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.