Silverlake Wealth Management LLC Purchases 56,312 Shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Silverlake Wealth Management LLC increased its position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 232.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 80,573 shares of the company’s stock after acquiring an additional 56,312 shares during the quarter. Schwab US Dividend Equity ETF comprises 0.8% of Silverlake Wealth Management LLC’s holdings, making the stock its 23rd biggest position. Silverlake Wealth Management LLC’s holdings in Schwab US Dividend Equity ETF were worth $2,201,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. JPMorgan Chase & Co. increased its stake in Schwab US Dividend Equity ETF by 7.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,568,103 shares of the company’s stock valued at $132,552,000 after purchasing an additional 104,855 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Schwab US Dividend Equity ETF by 200.0% during the fourth quarter. GAMMA Investing LLC now owns 9,753 shares of the company’s stock worth $266,000 after buying an additional 6,502 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in Schwab US Dividend Equity ETF during the third quarter worth $163,000. Synovus Financial Corp boosted its holdings in Schwab US Dividend Equity ETF by 148.1% during the third quarter. Synovus Financial Corp now owns 42,517 shares of the company’s stock worth $3,594,000 after buying an additional 25,380 shares in the last quarter. Finally, Anchor Investment Management LLC boosted its holdings in Schwab US Dividend Equity ETF by 1.1% during the third quarter. Anchor Investment Management LLC now owns 38,517 shares of the company’s stock worth $3,256,000 after buying an additional 428 shares in the last quarter.

Schwab US Dividend Equity ETF Stock Up 0.1 %

SCHD opened at $27.76 on Wednesday. The company has a market cap of $19.47 billion, a price-to-earnings ratio of 15.04 and a beta of 0.74. Schwab US Dividend Equity ETF has a 52-week low of $25.16 and a 52-week high of $29.72. The firm’s fifty day simple moving average is $27.98 and its two-hundred day simple moving average is $27.97.

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.