Bouchey Financial Group Increases Stake in Schwab ETF to $84.52 Million

Bouchey Financial Group Ltd has raised its investment in the Schwab US Dividend Equity ETF (NYSEARCA:SCHD) to approximately $84.52 million, reflecting a 1.6% increase during the third quarter of 2023. According to its latest Form 13F filing with the Securities and Exchange Commission (SEC), Bouchey Financial now holds 3,095,874 shares, having acquired an additional 49,551 shares in this period. This investment now represents about 6.5% of Bouchey Financial’s total holdings, making SCHD its third-largest position.

Several hedge funds have also adjusted their stakes in the Schwab ETF recently. Notably, Brighton Jones LLC amplified its position by an impressive 404.6% in the fourth quarter, acquiring an additional 84,262 shares to reach a total of 105,089 shares, valued at approximately $2.87 million. Similarly, Revolve Wealth Partners LLC increased its investment by 206.9%, now owning 76,685 shares worth about $2.1 million.

Bison Wealth LLC also made significant moves, boosting its stake by 234.4% and adding 309,400 shares to own 441,394 shares with a total value of approximately $12.06 million. Additionally, Goldman Sachs Group Inc. enhanced its shareholding by 35.6% in the first quarter, bringing its total to 592,953 shares, valued at $16.58 million. United Bank also grew its position by 5.0% in the second quarter, acquiring 9,351 shares to reach a total of 195,713 shares, valued at $5.19 million.

Current Performance of Schwab US Dividend Equity ETF

Trading data indicates that shares of the Schwab US Dividend Equity ETF opened at $31.26 recently. The ETF has experienced a 52-week range with a low of $23.87 and a high of $31.95. The fund’s moving averages suggest stability, with a fifty-day simple moving average of $29.91 and a 200-day average of $28.20. The ETF boasts a market capitalization of approximately $82.22 billion, a price-to-earnings ratio of 14.57, and a beta of 0.77.

About Schwab US Dividend Equity ETF

The Schwab US Dividend Equity ETF, which launched on October 20, 2011, is designed to track the Dow Jones U.S. Dividend 100 Index. This index comprises a market-cap-weighted collection of 100 dividend-paying US equities. The ETF is managed by Schwab, which has established itself as a significant player in the investment management industry.

Investors and analysts will continue to monitor the movements of Bouchey Financial Group and other significant stakeholders in the Schwab US Dividend Equity ETF, as shifts in shareholding can reflect broader market trends and investor confidence. For further insights into hedge fund activities regarding SCHD, resources like HoldingsChannel.com provide updated filings and insider trades.