Valley Wealth Managers Inc. Purchases 31,169 Shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Valley Wealth Managers Inc. grew its position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 201.3% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 46,651 shares of the company’s stock after buying an additional 31,169 shares during the quarter. Valley Wealth Managers Inc.’s holdings in Schwab US Dividend Equity ETF were worth $1,275,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Central Pacific Bank Trust Division lifted its position in shares of 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 buying an additional 604 shares in the last quarter. Hoese & Co LLP bought a new position in shares of Schwab US Dividend Equity ETF during the 4th quarter worth approximately $26,000. IFS Advisors LLC lifted its position in shares of Schwab US Dividend Equity ETF by 184.4% during the 4th quarter. IFS Advisors LLC now owns 1,078 shares of the company’s stock worth $29,000 after buying an additional 699 shares in the last quarter. Kennebec Savings Bank purchased a new stake in shares of Schwab US Dividend Equity ETF during the 3rd quarter worth approximately $31,000. Finally, Olistico Wealth LLC increased its stake in shares of Schwab US Dividend Equity ETF by 202.2% during the 4th quarter. Olistico Wealth LLC now owns 1,118 shares of the company’s stock worth $31,000 after purchasing an additional 748 shares during the last quarter.

Schwab US Dividend Equity ETF Stock Up 0.7 %

Shares of SCHD stock opened at $27.99 on Wednesday. The company has a 50 day moving average of $27.70 and a 200-day moving average of $28.01. Schwab US Dividend Equity ETF has a 12-month low of $25.18 and a 12-month high of $29.72. The firm has a market cap of $68.58 billion, a P/E ratio of 17.48 and a beta of 0.88.

Schwab US Dividend Equity ETF Profile

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.