Fairway Financial LLC Makes New Investment in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Fairway Financial LLC acquired a new position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 332,422 shares of the company’s stock, valued at approximately $9,082,000. Schwab US Dividend Equity ETF comprises approximately 8.3% of Fairway Financial LLC’s holdings, making the stock its 4th biggest position.

A number of other institutional investors and hedge funds have also modified their holdings of the company. JMG Financial Group Ltd. lifted its stake in shares of Schwab US Dividend Equity ETF by 196.5% in the fourth quarter. JMG Financial Group Ltd. now owns 38,836 shares of the company’s stock worth $1,061,000 after buying an additional 25,737 shares during the last quarter. Schaeffer Financial LLC lifted its stake in shares of Schwab US Dividend Equity ETF by 202.6% in the fourth quarter. Schaeffer Financial LLC now owns 664,101 shares of the company’s stock worth $18,143,000 after buying an additional 444,670 shares during the last quarter. One Day In July LLC lifted its stake in shares of Schwab US Dividend Equity ETF by 317.6% in the fourth quarter. One Day In July LLC now owns 34,722 shares of the company’s stock worth $949,000 after buying an additional 26,407 shares during the last quarter. Aspen Investment Management Inc lifted its stake in shares of Schwab US Dividend Equity ETF by 191.0% in the fourth quarter. Aspen Investment Management Inc now owns 14,840 shares of the company’s stock worth $405,000 after buying an additional 9,740 shares during the last quarter. Finally, Forte Capital LLC ADV lifted its stake in shares of Schwab US Dividend Equity ETF by 179.3% in the fourth quarter. Forte Capital LLC ADV now owns 8,982 shares of the company’s stock worth $245,000 after buying an additional 5,766 shares during the last quarter.

Schwab US Dividend Equity ETF Trading Up 0.5 %

Shares of Schwab US Dividend Equity ETF stock opened at $28.32 on Friday. The firm has a fifty day simple moving average of $27.69 and a 200-day simple moving average of $28.02. Schwab US Dividend Equity ETF has a 1-year low of $25.18 and a 1-year high of $29.72. The stock has a market capitalization of $69.38 billion, a price-to-earnings 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.