PSI Advisors LLC Acquires 1,489 Shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

PSI Advisors LLC boosted its holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 612.8% during the 4th quarter, Holdings Channel.com reports. The fund owned 1,732 shares of the company’s stock after purchasing an additional 1,489 shares during the quarter. PSI Advisors LLC’s holdings in Schwab US Dividend Equity ETF were worth $47,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. JPMorgan Chase & Co. lifted its holdings in shares of Schwab US Dividend Equity ETF by 7.2% in the third quarter. JPMorgan Chase & Co. now owns 1,568,103 shares of the company’s stock valued at $132,552,000 after purchasing an additional 104,855 shares in the last quarter. GAMMA Investing LLC lifted its stake in Schwab US Dividend Equity ETF by 200.0% during the 4th quarter. GAMMA Investing LLC now owns 9,753 shares of the company’s stock valued at $266,000 after acquiring an additional 6,502 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in Schwab US Dividend Equity ETF during the 3rd quarter worth $163,000. Synovus Financial Corp boosted its holdings in 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 acquiring an additional 25,380 shares during the last quarter. Finally, Anchor Investment Management LLC grew its stake in shares of 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 worth $3,256,000 after acquiring an additional 428 shares in the last quarter.

Schwab US Dividend Equity ETF Price Performance

SCHD opened at $27.52 on Wednesday. Schwab US Dividend Equity ETF has a fifty-two week low of $24.97 and a fifty-two week high of $29.72. The firm has a market capitalization of $19.31 billion, a P/E ratio of 15.04 and a beta of 0.74. The company’s 50-day moving average is $28.26 and its 200 day moving average is $27.79.

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.