Valicenti Advisory Services Inc. Increases Stock Position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Valicenti Advisory Services Inc. boosted its stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 6.3% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,875 shares of the company’s stock after purchasing an additional 230 shares during the quarter. Valicenti Advisory Services Inc.’s holdings in Schwab US Dividend Equity ETF were worth $281,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of SCHD. Fortune 45 LLC increased its holdings in shares of Schwab US Dividend Equity ETF by 3.6% in the 1st quarter. Fortune 45 LLC now owns 82,847 shares of the company’s stock worth $6,535,000 after buying an additional 2,904 shares during the last quarter. United Bank increased its holdings in shares of Schwab US Dividend Equity ETF by 7.6% in the 1st quarter. United Bank now owns 47,346 shares of the company’s stock worth $3,735,000 after buying an additional 3,357 shares during the last quarter. MAS Advisors LLC increased its holdings in shares of Schwab US Dividend Equity ETF by 32.9% in the 1st quarter. MAS Advisors LLC now owns 38,659 shares of the company’s stock worth $3,087,000 after buying an additional 9,564 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Schwab US Dividend Equity ETF by 10.0% in the 1st quarter. Bank of New York Mellon Corp now owns 29,004 shares of the company’s stock worth $2,288,000 after buying an additional 2,629 shares during the last quarter. Finally, Citigroup Inc. increased its holdings in shares of Schwab US Dividend Equity ETF by 53.4% in the 1st quarter. Citigroup Inc. now owns 50,347 shares of the company’s stock worth $3,972,000 after buying an additional 17,526 shares during the last quarter.

Schwab US Dividend Equity ETF Price Performance

Shares of Schwab US Dividend Equity ETF stock traded down $0.06 during trading hours on Tuesday, reaching $73.56. The company’s stock had a trading volume of 248,953 shares, compared to its average volume of 3,120,783. The firm has a 50 day moving average price of $74.14 and a 200-day moving average price of $72.66. Schwab US Dividend Equity ETF has a one year low of $65.96 and a one year high of $79.49. The stock has a market cap of $48.42 billion, a P/E ratio of 14.38 and a beta of 0.88.

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.