Mach 1 Financial Group LLC Acquires 456 Shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Mach 1 Financial Group LLC grew its position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 10.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,931 shares of the company’s stock after purchasing an additional 456 shares during the period. Mach 1 Financial Group LLC’s holdings in Schwab US Dividend Equity ETF were worth $375,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the company. Sumitomo Life Insurance Co. bought a new position in shares of Schwab US Dividend Equity ETF during the fourth quarter valued at about $228,390,000. International Assets Investment Management LLC bought a new stake in shares of Schwab US Dividend Equity ETF during the fourth quarter valued at approximately $89,561,000. LPL Financial LLC increased its position in shares of Schwab US Dividend Equity ETF by 4.7% during the third quarter. LPL Financial LLC now owns 11,272,535 shares of the company’s stock valued at $797,645,000 after acquiring an additional 503,970 shares in the last quarter. DDD Partners LLC increased its position in shares of Schwab US Dividend Equity ETF by 12,161.9% during the fourth quarter. DDD Partners LLC now owns 488,148 shares of the company’s stock valued at $37,163,000 after acquiring an additional 484,167 shares in the last quarter. Finally, HighTower Advisors LLC increased its position in shares of Schwab US Dividend Equity ETF by 34.1% during the third quarter. HighTower Advisors LLC now owns 1,874,088 shares of the company’s stock valued at $132,545,000 after acquiring an additional 476,951 shares in the last quarter.

Schwab US Dividend Equity ETF Stock Down 0.1 %

Shares of SCHD opened at $76.89 on Thursday. Schwab US Dividend Equity ETF has a twelve month low of $66.67 and a twelve month high of $80.82. The company has a market capitalization of $53.79 billion, a P/E ratio of 14.82 and a beta of 0.77. The firm has a 50 day moving average of $78.32 and a 200 day moving average of $75.37.

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.