Moloney Securities Asset Management LLC Boosts Position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Moloney Securities Asset Management LLC grew its stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 192.9% during the fourth quarter, Holdings Channel reports. The firm owned 30,984 shares of the company’s stock after purchasing an additional 20,404 shares during the period. Moloney Securities Asset Management LLC’s holdings in Schwab US Dividend Equity ETF were worth $846,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Central Pacific Bank Trust Division raised its stake in Schwab US Dividend Equity ETF by 200.0% during the 4th quarter. Central Pacific Bank Trust Division now owns 906 shares of the company’s stock worth $25,000 after acquiring an additional 604 shares in the last quarter. Hoese & Co LLP purchased a new position in shares of Schwab US Dividend Equity ETF during the fourth quarter worth about $26,000. IFS Advisors LLC increased its position in shares of Schwab US Dividend Equity ETF by 184.4% during the fourth quarter. IFS Advisors LLC now owns 1,078 shares of the company’s stock worth $29,000 after purchasing an additional 699 shares in the last quarter. Kennebec Savings Bank purchased a new stake in shares of Schwab US Dividend Equity ETF in the 3rd quarter valued at about $31,000. Finally, Olistico Wealth LLC boosted its position in shares of Schwab US Dividend Equity ETF by 202.2% in the 4th quarter. Olistico Wealth LLC now owns 1,118 shares of the company’s stock valued at $31,000 after purchasing an additional 748 shares during the period.

Schwab US Dividend Equity ETF Stock Down 0.7 %

SCHD opened at $27.56 on Monday. Schwab US Dividend Equity ETF has a 52 week low of $25.16 and a 52 week high of $29.72. The business’s 50 day moving average is $27.85 and its two-hundred day moving average is $27.98. The firm has a market cap of $19.33 billion, a price-to-earnings ratio of 15.04 and a beta of 0.74.

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.