Rovin Capital UT ADV Purchases 150,859 Shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Rovin Capital UT ADV increased its position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 267.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 207,340 shares of the company’s stock after acquiring an additional 150,859 shares during the quarter. Schwab US Dividend Equity ETF comprises about 2.0% of Rovin Capital UT ADV’s investment portfolio, making the stock its 13th biggest position. Rovin Capital UT ADV’s holdings in Schwab US Dividend Equity ETF were worth $5,665,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Argent Capital Management LLC bought a new stake in shares of Schwab US Dividend Equity ETF in the fourth quarter valued at approximately $881,000. RMR Wealth Builders raised its stake in Schwab US Dividend Equity ETF by 250.7% during the 4th quarter. RMR Wealth Builders now owns 14,640 shares of the company’s stock valued at $400,000 after purchasing an additional 10,466 shares during the last quarter. Outlook Wealth Advisors LLC boosted its holdings in Schwab US Dividend Equity ETF by 200.0% in the 4th quarter. Outlook Wealth Advisors LLC now owns 7,890 shares of the company’s stock valued at $216,000 after purchasing an additional 5,260 shares during the period. Essex Savings Bank grew its position in Schwab US Dividend Equity ETF by 226.7% in the 4th quarter. Essex Savings Bank now owns 16,912 shares of the company’s stock worth $462,000 after purchasing an additional 11,735 shares during the last quarter. Finally, Keeler & Nadler Financial Planning & Wealth Management increased its holdings in shares of Schwab US Dividend Equity ETF by 203.2% during the 4th quarter. Keeler & Nadler Financial Planning & Wealth Management now owns 96,606 shares of the company’s stock worth $2,639,000 after purchasing an additional 64,739 shares during the period.

Schwab US Dividend Equity ETF Stock Performance

NYSEARCA SCHD opened at $27.82 on Thursday. Schwab US Dividend Equity ETF has a twelve month low of $24.97 and a twelve month high of $29.72. The stock has a market cap of $19.52 billion, a PE ratio of 15.04 and a beta of 0.74. The firm has a 50-day simple moving average of $28.23 and a 200 day simple moving average of $27.79.

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.