Platform Technology Partners Has $7.61 Million Stock Position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Platform Technology Partners raised its holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 230.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 278,382 shares of the company’s stock after buying an additional 194,152 shares during the quarter. Schwab US Dividend Equity ETF comprises 2.3% of Platform Technology Partners’ investment portfolio, making the stock its 6th largest position. Platform Technology Partners’ holdings in Schwab US Dividend Equity ETF were worth $7,605,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in SCHD. Barrett & Company Inc. raised its stake in Schwab US Dividend Equity ETF by 235.9% in the fourth quarter. Barrett & Company Inc. now owns 1,357 shares of the company’s stock worth $37,000 after buying an additional 953 shares in the last quarter. Golden State Wealth Management LLC bought a new position in shares of Schwab US Dividend Equity ETF in the 4th quarter worth approximately $429,000. Archer Investment Corp raised its position in shares of Schwab US Dividend Equity ETF by 457.2% in the 4th quarter. Archer Investment Corp now owns 5,873 shares of the company’s stock worth $160,000 after acquiring an additional 4,819 shares in the last quarter. Lodestar Private Asset Management LLC lifted its stake in shares of Schwab US Dividend Equity ETF by 208.3% in the 4th quarter. Lodestar Private Asset Management LLC now owns 1,142,893 shares of the company’s stock valued at $31,224,000 after purchasing an additional 772,184 shares during the period. Finally, Keystone Financial Group Inc. bought a new stake in shares of Schwab US Dividend Equity ETF during the fourth quarter valued at approximately $8,197,000.

Schwab US Dividend Equity ETF Trading Down 0.7 %

SCHD opened at $27.56 on Friday. The company has a market cap of $19.33 billion, a price-to-earnings ratio of 15.04 and a beta of 0.74. The stock has a fifty day simple moving average of $27.89 and a two-hundred day simple moving average of $27.97. Schwab US Dividend Equity ETF has a 12-month low of $25.16 and a 12-month 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.