Fairscale Capital LLC Acquires Shares of 18,825 Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Fairscale Capital LLC bought a new stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 18,825 shares of the company’s stock, valued at approximately $1,530,000. Schwab US Dividend Equity ETF accounts for approximately 1.3% of Fairscale Capital LLC’s portfolio, making the stock its 13th biggest holding.

Other large investors also recently modified their holdings of the company. BNP Paribas Financial Markets bought a new position in Schwab US Dividend Equity ETF in the fourth quarter valued at approximately $354,000. TrinityPoint Wealth LLC raised its holdings in shares of Schwab US Dividend Equity ETF by 4.8% during the 4th quarter. TrinityPoint Wealth LLC now owns 244,045 shares of the company’s stock worth $18,579,000 after buying an additional 11,267 shares in the last quarter. Trexquant Investment LP raised its holdings in shares of Schwab US Dividend Equity ETF by 39.6% during the 4th quarter. Trexquant Investment LP now owns 10,093 shares of the company’s stock worth $768,000 after buying an additional 2,863 shares in the last quarter. Commerce Bank lifted its position in shares of Schwab US Dividend Equity ETF by 34.8% during the 4th quarter. Commerce Bank now owns 37,334 shares of the company’s stock worth $2,842,000 after buying an additional 9,636 shares during the last quarter. Finally, FineMark National Bank & Trust lifted its position in shares of Schwab US Dividend Equity ETF by 8.8% during the 4th quarter. FineMark National Bank & Trust now owns 4,858 shares of the company’s stock worth $370,000 after buying an additional 394 shares during the last quarter.

Schwab US Dividend Equity ETF Trading Down 0.5 %

Shares of NYSEARCA SCHD opened at $84.48 on Friday. The company has a market cap of $59.26 billion, a price-to-earnings 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 $85.24. The stock has a 50-day moving average price of $82.19 and a two-hundred day moving average price of $79.63.

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.