Simplicity Wealth LLC Has $4.12 Million Stock Position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Simplicity Wealth LLC increased its position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 341.0% during the 1st quarter, Holdings Channel reports. The firm owned 147,184 shares of the company’s stock after purchasing an additional 113,807 shares during the quarter. Simplicity Wealth LLC’s holdings in Schwab US Dividend Equity ETF were worth $4,115,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SCHD. Wealthcare Capital Management LLC bought a new stake in Schwab US Dividend Equity ETF during the 1st quarter worth approximately $660,000. Wealthcare Advisory Partners LLC raised its holdings in Schwab US Dividend Equity ETF by 4.1% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 1,468,080 shares of the company’s stock worth $41,048,000 after purchasing an additional 58,174 shares in the last quarter. Bruce G. Allen Investments LLC raised its holdings in Schwab US Dividend Equity ETF by 4.5% in the 1st quarter. Bruce G. Allen Investments LLC now owns 294,487 shares of the company’s stock worth $8,234,000 after purchasing an additional 12,649 shares in the last quarter. Investment Advisory Group LLC lifted its position in Schwab US Dividend Equity ETF by 18.0% during the 1st quarter. Investment Advisory Group LLC now owns 106,004 shares of the company’s stock valued at $2,964,000 after acquiring an additional 16,140 shares during the period. Finally, Patrick M Sweeney & Associates Inc. increased its stake in Schwab US Dividend Equity ETF by 4.3% during the 1st quarter. Patrick M Sweeney & Associates Inc. now owns 15,745 shares of the company’s stock valued at $440,000 after purchasing an additional 645 shares in the last quarter.

Schwab US Dividend Equity ETF Stock Up 0.4%

Shares of SCHD stock opened at $26.65 on Tuesday. The firm has a market capitalization of $69.29 billion, a PE ratio of 15.93 and a beta of 0.82. The company has a 50 day moving average price of $25.83 and a 200-day moving average price of $27.23. Schwab US Dividend Equity ETF has a 52 week low of $23.87 and a 52 week high of $29.72.

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.