Piedmont Capital Management LLC NC purchased a new stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD – Free Report) during the fourth quarter, HoldingsChannel reports. The institutional investor purchased 88,180 shares of the company’s stock, valued at approximately $2,419,000. Schwab US Dividend Equity ETF makes up approximately 1.6% of Piedmont Capital Management LLC NC’s portfolio, making the stock its 16th biggest holding.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Mountain Hill Investment Partners Corp. lifted its position in Schwab US Dividend Equity ETF by 1,241.8% during the fourth quarter. Mountain Hill Investment Partners Corp. now owns 899 shares of the company’s stock valued at $25,000 after buying an additional 832 shares in the last quarter. Merrithew & Thorsten Inc acquired a new position in Schwab US Dividend Equity ETF during the fourth quarter valued at approximately $25,000. Field & Main Bank acquired a new position in Schwab US Dividend Equity ETF during the fourth quarter valued at approximately $29,000. Dynamic Wealth Strategies LLC acquired a new position in Schwab US Dividend Equity ETF during the fourth quarter valued at approximately $29,000. Finally, Triumph Capital Management acquired a new position in Schwab US Dividend Equity ETF during the third quarter valued at approximately $33,000.
Schwab US Dividend Equity ETF Price Performance
Shares of SCHD stock opened at $32.82 on Monday. The stock has a market cap of $93.17 billion, a price-to-earnings ratio of 14.57 and a beta of 0.67. Schwab US Dividend Equity ETF has a fifty-two week low of $26.16 and a fifty-two week high of $32.92. The firm’s 50 day moving average price is $31.68 and its two-hundred day moving average price is $30.26.
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.
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Want to see what other hedge funds are holding SCHD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Schwab US Dividend Equity ETF (NYSEARCA:SCHD – Free Report).
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