Traynor Capital Management Inc. Has $495,000 Stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Traynor Capital Management Inc. boosted its holdings in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 53.6% in the first quarter, HoldingsChannel reports. The firm owned 6,140 shares of the company’s stock after acquiring an additional 2,142 shares during the period. Traynor Capital Management Inc.’s holdings in Schwab US Dividend Equity ETF were worth $495,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SCHD. Raleigh Capital Management Inc. acquired a new stake in Schwab US Dividend Equity ETF during the 3rd quarter valued at $28,000. Voisard Asset Management Group Inc. bought a new position in Schwab US Dividend Equity ETF in the 4th quarter valued at $29,000. Signature Resources Capital Management LLC bought a new position in Schwab US Dividend Equity ETF in the 4th quarter valued at $32,000. Bear Mountain Capital Inc. bought a new position in Schwab US Dividend Equity ETF in the 4th quarter valued at $34,000. Finally, Venturi Wealth Management LLC bought a new position in Schwab US Dividend Equity ETF in the 4th quarter valued at $44,000.

Schwab US Dividend Equity ETF Stock Performance

Shares of SCHD opened at $79.23 on Tuesday. The firm has a market capitalization of $55.58 billion, a price-to-earnings ratio of 15.04 and a beta of 0.74. The business’s fifty day moving average price is $77.98 and its two-hundred day moving average price is $77.50. Schwab US Dividend Equity ETF has a 52 week low of $66.67 and a 52 week high of $80.82.

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.