Financial Designs Corp Makes New $3.38 Million Investment in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Financial Designs Corp acquired a new stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHDFree Report) during the first quarter, according to its most recent disclosure with the SEC. The fund acquired 41,890 shares of the company’s stock, valued at approximately $3,378,000. Schwab US Dividend Equity ETF makes up about 2.2% of Financial Designs Corp’s holdings, making the stock its 12th largest position.

Other hedge funds also recently made changes to their positions in the company. Raleigh Capital Management Inc. purchased a new stake in shares of Schwab US Dividend Equity ETF in the third quarter worth $28,000. Voisard Asset Management Group Inc. bought a new stake in Schwab US Dividend Equity ETF during the fourth quarter valued at about $29,000. Signature Resources Capital Management LLC purchased a new position in shares of Schwab US Dividend Equity ETF in the fourth quarter valued at about $32,000. Bear Mountain Capital Inc. bought a new position in shares of Schwab US Dividend Equity ETF in the fourth quarter worth about $34,000. Finally, Venturi Wealth Management LLC purchased a new stake in shares of Schwab US Dividend Equity ETF during the fourth quarter worth about $44,000.

Schwab US Dividend Equity ETF Stock Performance

SCHD traded down $0.62 during trading on Tuesday, reaching $78.59. 2,223,206 shares of the company traded hands, compared to its average volume of 3,306,187. The company has a market cap of $55.13 billion, a P/E ratio of 15.04 and a beta of 0.74. Schwab US Dividend Equity ETF has a 12-month low of $66.67 and a 12-month high of $80.82. The firm has a fifty day simple moving average of $77.98 and a 200 day simple moving average of $77.50.

Schwab US Dividend Equity ETF Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

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