Sawgrass Asset Management LLC Acquires 17,518 Shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Sawgrass Asset Management LLC boosted its holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 200.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 26,277 shares of the company’s stock after buying an additional 17,518 shares during the period. Sawgrass Asset Management LLC’s holdings in Schwab US Dividend Equity ETF were worth $718,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Alpha Financial Partners LLC bought a new stake in shares of Schwab US Dividend Equity ETF during the third quarter valued at approximately $1,283,000. Procyon Advisors LLC increased its position in shares of Schwab US Dividend Equity ETF by 8.3% during the third quarter. Procyon Advisors LLC now owns 5,745 shares of the company’s stock valued at $486,000 after purchasing an additional 442 shares during the period. Creative Planning increased its position in shares of Schwab US Dividend Equity ETF by 1.9% during the third quarter. Creative Planning now owns 1,341,298 shares of the company’s stock valued at $113,380,000 after purchasing an additional 24,491 shares during the period. Magnus Financial Group LLC increased its position in shares of Schwab US Dividend Equity ETF by 25.0% during the third quarter. Magnus Financial Group LLC now owns 7,273 shares of the company’s stock valued at $615,000 after purchasing an additional 1,454 shares during the period. Finally, Prospect Financial Services LLC increased its position in shares of Schwab US Dividend Equity ETF by 21.1% during the third quarter. Prospect Financial Services LLC now owns 14,074 shares of the company’s stock valued at $1,190,000 after purchasing an additional 2,452 shares during the period.

Schwab US Dividend Equity ETF Trading Down 0.8 %

SCHD opened at $27.65 on Thursday. The stock’s 50 day simple moving average is $27.79 and its 200-day simple moving average is $28.00. Schwab US Dividend Equity ETF has a 1 year low of $25.16 and a 1 year high of $29.72. The stock has a market cap of $19.40 billion, a PE 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.