Brass Tax Wealth Management Inc. Raises Stock Position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Brass Tax Wealth Management Inc. boosted its position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 13.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 31,096 shares of the company’s stock after acquiring an additional 3,621 shares during the period. Schwab US Dividend Equity ETF accounts for 1.0% of Brass Tax Wealth Management Inc.’s holdings, making the stock its 22nd biggest position. Brass Tax Wealth Management Inc.’s holdings in Schwab US Dividend Equity ETF were worth $2,629,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Financial Gravity Asset Management Inc. purchased a new stake in shares of Schwab US Dividend Equity ETF during the 2nd quarter valued at $25,000. Kennebec Savings Bank acquired a new position in Schwab US Dividend Equity ETF during the 3rd quarter valued at about $31,000. Barrett & Company Inc. purchased a new stake in Schwab US Dividend Equity ETF in the third quarter valued at about $34,000. Legacy Investment Solutions LLC acquired a new stake in Schwab US Dividend Equity ETF in the third quarter worth about $34,000. Finally, Cassady Schiller Wealth Management LLC purchased a new stake in shares of Schwab US Dividend Equity ETF during the third quarter worth about $38,000.

Schwab US Dividend Equity ETF Stock Up 0.3 %

SCHD opened at $27.32 on Wednesday. The firm’s 50-day moving average price is $28.44 and its 200-day moving average price is $27.70. The company has a market cap of $19.16 billion, a P/E ratio of 15.04 and a beta of 0.74. Schwab US Dividend Equity ETF has a 52-week low of $24.97 and a 52-week high of $29.72.

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.