Financial Designs Corp Has $3.15 Million Position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Financial Designs Corp raised its holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 187.8% during the fourth quarter, Holdings Channel.com reports. The fund owned 115,249 shares of the company’s stock after purchasing an additional 75,207 shares during the period. Schwab US Dividend Equity ETF comprises about 2.1% of Financial Designs Corp’s holdings, making the stock its 12th largest holding. Financial Designs Corp’s holdings in Schwab US Dividend Equity ETF were worth $3,149,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Colorado Capital Management Inc. boosted its position in shares of Schwab US Dividend Equity ETF by 1.1% in the 3rd quarter. Colorado Capital Management Inc. now owns 11,596 shares of the company’s stock worth $980,000 after purchasing an additional 121 shares during the last quarter. Brick & Kyle Associates grew its position in shares of Schwab US Dividend Equity ETF by 2.9% during the 2nd quarter. Brick & Kyle Associates now owns 4,551 shares of the company’s stock worth $354,000 after buying an additional 130 shares during the period. Ascent Group LLC increased its stake in shares of Schwab US Dividend Equity ETF by 1.2% in the 2nd quarter. Ascent Group LLC now owns 12,091 shares of the company’s stock valued at $940,000 after acquiring an additional 145 shares during the last quarter. Sunflower Bank N.A. raised its position in shares of Schwab US Dividend Equity ETF by 4.2% in the 3rd quarter. Sunflower Bank N.A. now owns 4,542 shares of the company’s stock valued at $384,000 after acquiring an additional 185 shares during the period. Finally, Sound Income Strategies LLC boosted its stake in Schwab US Dividend Equity ETF by 12.5% during the 3rd quarter. Sound Income Strategies LLC now owns 1,720 shares of the company’s stock worth $145,000 after acquiring an additional 191 shares during the last quarter.

Schwab US Dividend Equity ETF Stock Performance

Shares of NYSEARCA:SCHD opened at $28.09 on Friday. The company has a 50 day moving average price of $28.13 and a two-hundred day moving average price of $27.87. The company has a market capitalization of $19.71 billion, a PE ratio of 15.04 and a beta of 0.74. Schwab US Dividend Equity ETF has a 52 week low of $25.16 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.