ZRC Wealth Management LLC Raises Stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

ZRC Wealth Management LLC increased its stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 74.7% in the first quarter, HoldingsChannel.com reports. The firm owned 20,601 shares of the company’s stock after acquiring an additional 8,810 shares during the quarter. Schwab US Dividend Equity ETF accounts for 0.8% of ZRC Wealth Management LLC’s portfolio, making the stock its 26th largest position. ZRC Wealth Management LLC’s holdings in Schwab US Dividend Equity ETF were worth $1,661,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in SCHD. Voisard Asset Management Group Inc. purchased a new position in shares of Schwab US Dividend Equity ETF in the fourth quarter valued at $29,000. Raleigh Capital Management Inc. purchased a new position in Schwab US Dividend Equity ETF during the 3rd quarter valued at about $28,000. Westside Investment Management Inc. acquired a new position in Schwab US Dividend Equity ETF during the first quarter worth about $32,000. Signature Resources Capital Management LLC purchased a new stake in shares of Schwab US Dividend Equity ETF in the fourth quarter valued at about $32,000. Finally, Bear Mountain Capital Inc. acquired a new stake in shares of Schwab US Dividend Equity ETF in the fourth quarter valued at approximately $34,000.

Schwab US Dividend Equity ETF Stock Down 0.3 %

Shares of Schwab US Dividend Equity ETF stock traded down $0.27 during trading on Thursday, hitting $77.18. 2,056,329 shares of the company were exchanged, compared to its average volume of 3,308,233. Schwab US Dividend Equity ETF has a fifty-two week low of $66.67 and a fifty-two week high of $80.82. The firm has a 50 day moving average price of $78.10 and a 200 day moving average price of $77.65. The stock has a market capitalization of $54.14 billion, a price-to-earnings ratio of 15.04 and a beta of 0.74.

Schwab US Dividend Equity ETF Company 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.