Montis Financial LLC Purchases New Stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Montis Financial LLC acquired a new position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 14,887 shares of the company’s stock, valued at approximately $1,133,000. Schwab US Dividend Equity ETF makes up 0.7% of Montis Financial LLC’s portfolio, making the stock its 23rd biggest holding.

Several other large investors have also recently bought and sold shares of the business. FinTrust Capital Advisors LLC lifted its position in shares of Schwab US Dividend Equity ETF by 80.5% during the 3rd quarter. FinTrust Capital Advisors LLC now owns 6,178 shares of the company’s stock valued at $437,000 after acquiring an additional 2,756 shares during the period. Raymond James & Associates raised its holdings in Schwab US Dividend Equity ETF by 12.6% during the third quarter. Raymond James & Associates now owns 1,900,212 shares of the company’s stock worth $134,459,000 after purchasing an additional 212,476 shares during the last quarter. Stratos Wealth Partners LTD. boosted its position in Schwab US Dividend Equity ETF by 33.3% during the third quarter. Stratos Wealth Partners LTD. now owns 121,237 shares of the company’s stock worth $8,579,000 after purchasing an additional 30,292 shares in the last quarter. Legacy Financial Group LLC acquired a new stake in Schwab US Dividend Equity ETF in the third quarter valued at $131,000. Finally, Channel Wealth LLC increased its position in shares of Schwab US Dividend Equity ETF by 23.0% in the third quarter. Channel Wealth LLC now owns 53,797 shares of the company’s stock valued at $3,807,000 after buying an additional 10,056 shares in the last quarter.

Schwab US Dividend Equity ETF Trading Up 0.5 %

Shares of NYSEARCA:SCHD traded up $0.38 during midday trading on Thursday, hitting $77.27. 2,607,792 shares of the stock were exchanged, compared to its average volume of 3,581,190. Schwab US Dividend Equity ETF has a twelve month low of $66.67 and a twelve month high of $80.82. The company has a 50 day moving average price of $78.32 and a 200-day moving average price of $75.37. The stock has a market cap of $54.05 billion, a P/E ratio of 14.82 and a beta of 0.77.

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.