Sherman Wealth Management LLC Buys New Stake in Schwab US Dividend Equity ETF $SCHD

Sherman Wealth Management LLC bought a new stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) during the fourth quarter, HoldingsChannel reports. The fund bought 22,697 shares of the company’s stock, valued at approximately $620,000.

Several other hedge funds also recently bought and sold shares of the stock. Biltmore Family Office LLC lifted its position in shares of Schwab US Dividend Equity ETF by 116.4% in the third quarter. Biltmore Family Office LLC now owns 974 shares of the company’s stock valued at $27,000 after acquiring an additional 524 shares in the last quarter. Triumph Capital Management purchased a new stake in Schwab US Dividend Equity ETF during the 3rd quarter worth about $33,000. KERR FINANCIAL PLANNING Corp purchased a new stake in Schwab US Dividend Equity ETF during the 3rd quarter worth about $35,000. Reyes Financial Architecture Inc. raised its stake in Schwab US Dividend Equity ETF by 1,903.1% in the 3rd quarter. Reyes Financial Architecture Inc. now owns 1,302 shares of the company’s stock valued at $36,000 after purchasing an additional 1,237 shares during the last quarter. Finally, Turning Point Benefit Group Inc. acquired a new position in Schwab US Dividend Equity ETF in the 3rd quarter valued at about $36,000.

Schwab US Dividend Equity ETF Trading Down 0.6%

NYSEARCA:SCHD opened at $30.44 on Friday. Schwab US Dividend Equity ETF has a 12-month low of $23.87 and a 12-month high of $31.95. The firm has a market cap of $80.06 billion, a price-to-earnings ratio of 14.57 and a beta of 0.77. The company’s 50-day moving average is $30.74 and its two-hundred day moving average is $28.54.

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.