Breakwater Investment Management Boosts Stock Position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Breakwater Investment Management raised its position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 190.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 161,099 shares of the company’s stock after purchasing an additional 105,722 shares during the quarter. Schwab US Dividend Equity ETF accounts for about 1.8% of Breakwater Investment Management’s investment portfolio, making the stock its 16th biggest holding. Breakwater Investment Management’s holdings in Schwab US Dividend Equity ETF were worth $4,401,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the company. Central Pacific Bank Trust Division raised its position in Schwab US Dividend Equity ETF by 200.0% in the 4th quarter. Central Pacific Bank Trust Division now owns 906 shares of the company’s stock worth $25,000 after buying an additional 604 shares during the last quarter. IFS Advisors LLC grew its stake in shares of Schwab US Dividend Equity ETF by 184.4% during the 4th quarter. IFS Advisors LLC now owns 1,078 shares of the company’s stock valued at $29,000 after purchasing an additional 699 shares during the period. Kennebec Savings Bank bought a new position in shares of Schwab US Dividend Equity ETF in the 3rd quarter worth approximately $31,000. Barrett & Company Inc. purchased a new position in shares of Schwab US Dividend Equity ETF in the third quarter worth approximately $34,000. Finally, Legacy Investment Solutions LLC bought a new stake in Schwab US Dividend Equity ETF during the third quarter valued at approximately $34,000.

Schwab US Dividend Equity ETF Trading Up 0.6 %

SCHD opened at $27.99 on Tuesday. The firm’s 50 day simple moving average is $28.16 and its two-hundred day simple moving average is $27.85. The company has a market capitalization of $19.63 billion, a PE ratio of 15.04 and a beta of 0.74. Schwab US Dividend Equity ETF has a 1-year low of $25.03 and a 1-year 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.