GAMMA Investing LLC Boosts Stock Holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

GAMMA Investing LLC boosted its holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 200.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,753 shares of the company’s stock after acquiring an additional 6,502 shares during the quarter. GAMMA Investing LLC’s holdings in Schwab US Dividend Equity ETF were worth $266,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in SCHD. Global Wealth Strategies & Associates boosted its holdings in Schwab US Dividend Equity ETF by 214.1% in the fourth quarter. Global Wealth Strategies & Associates now owns 2,230 shares of the company’s stock worth $61,000 after purchasing an additional 1,520 shares during the last quarter. Old Port Advisors boosted its stake in shares of Schwab US Dividend Equity ETF by 207.7% in the 4th quarter. Old Port Advisors now owns 238,617 shares of the company’s stock worth $6,519,000 after buying an additional 161,065 shares during the last quarter. Penney Financial LLC grew its holdings in shares of Schwab US Dividend Equity ETF by 7.3% in the third quarter. Penney Financial LLC now owns 90,176 shares of the company’s stock worth $7,623,000 after acquiring an additional 6,155 shares during the period. SK Wealth Management LLC purchased a new stake in Schwab US Dividend Equity ETF during the third quarter valued at $1,359,000. Finally, JPMorgan Chase & Co. lifted its holdings in 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 acquiring an additional 104,855 shares during the period.

Schwab US Dividend Equity ETF Stock Performance

Shares of NYSEARCA:SCHD opened at $27.26 on Wednesday. The stock’s 50-day simple moving average is $28.36 and its two-hundred day simple moving average is $27.74. The stock has a market capitalization of $19.12 billion, a price-to-earnings ratio of 15.04 and a beta of 0.74. Schwab US Dividend Equity ETF has a 52-week low of $24.97 and a 52-week high of $29.72.

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.