Graves Light Lenhart Wealth Inc. Raises Stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Graves Light Lenhart Wealth Inc. increased its stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 202.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 607,770 shares of the company’s stock after purchasing an additional 406,814 shares during the quarter. Schwab US Dividend Equity ETF accounts for 2.1% of Graves Light Lenhart Wealth Inc.’s investment portfolio, making the stock its 14th largest position. Graves Light Lenhart Wealth Inc. owned approximately 0.09% of Schwab US Dividend Equity ETF worth $16,604,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. JPMorgan Chase & Co. increased its holdings in Schwab US Dividend Equity ETF by 7.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,568,103 shares of the company’s stock valued at $132,552,000 after acquiring an additional 104,855 shares in the last quarter. GAMMA Investing LLC grew its position in shares of Schwab US Dividend Equity ETF by 200.0% in the fourth quarter. GAMMA Investing LLC now owns 9,753 shares of the company’s stock valued at $266,000 after purchasing an additional 6,502 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of Schwab US Dividend Equity ETF during the 3rd quarter worth approximately $163,000. Synovus Financial Corp raised its position in shares of Schwab US Dividend Equity ETF by 148.1% during the 3rd quarter. Synovus Financial Corp now owns 42,517 shares of the company’s stock worth $3,594,000 after purchasing an additional 25,380 shares during the last quarter. Finally, Anchor Investment Management LLC lifted its stake in Schwab US Dividend Equity ETF by 1.1% in the 3rd quarter. Anchor Investment Management LLC now owns 38,517 shares of the company’s stock valued at $3,256,000 after buying an additional 428 shares in the last quarter.

Schwab US Dividend Equity ETF Stock Performance

Schwab US Dividend Equity ETF stock opened at $27.30 on Tuesday. Schwab US Dividend Equity ETF has a fifty-two week low of $24.97 and a fifty-two week high of $29.72. The stock has a fifty day moving average of $28.27 and a two-hundred day moving average of $27.78. The company has a market capitalization of $19.15 billion, a price-to-earnings ratio of 15.04 and a beta of 0.74.

Schwab US Dividend Equity ETF Company 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.