DAVENPORT & Co LLC Buys 38,866 Shares of Schwab US Dividend Equity ETF $SCHD

DAVENPORT & Co LLC raised its stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 6.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 627,914 shares of the company’s stock after purchasing an additional 38,866 shares during the quarter. DAVENPORT & Co LLC’s holdings in Schwab US Dividend Equity ETF were worth $17,224,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Biltmore Family Office LLC raised its position in shares of Schwab US Dividend Equity ETF by 116.4% during the 3rd quarter. Biltmore Family Office LLC now owns 974 shares of the company’s stock valued at $27,000 after buying an additional 524 shares in the last quarter. Triumph Capital Management bought a new stake in shares of Schwab US Dividend Equity ETF during the 3rd quarter worth $33,000. KERR FINANCIAL PLANNING Corp purchased a new position in Schwab US Dividend Equity ETF in the third quarter worth $35,000. Reyes Financial Architecture Inc. grew its position in Schwab US Dividend Equity ETF by 1,903.1% in the third quarter. Reyes Financial Architecture Inc. now owns 1,302 shares of the company’s stock worth $36,000 after acquiring an additional 1,237 shares in the last quarter. Finally, Turning Point Benefit Group Inc. bought a new position in Schwab US Dividend Equity ETF in the third quarter valued at $36,000.

Schwab US Dividend Equity ETF Stock Down 0.3%

NYSEARCA SCHD opened at $30.54 on Thursday. The stock’s 50-day simple moving average is $30.68 and its two-hundred day simple moving average is $28.51. Schwab US Dividend Equity ETF has a twelve month low of $23.87 and a twelve month high of $31.95. The company has a market capitalization of $80.33 billion, a price-to-earnings ratio of 14.57 and a beta of 0.77.

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.