Advance Capital Management Inc. Buys 28,533 Shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Advance Capital Management Inc. increased its position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 257.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 39,607 shares of the company’s stock after purchasing an additional 28,533 shares during the quarter. Advance Capital Management Inc.’s holdings in Schwab US Dividend Equity ETF were worth $1,082,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. LPL Financial LLC increased its stake in shares of Schwab US Dividend Equity ETF by 3.1% in the third quarter. LPL Financial LLC now owns 11,531,390 shares of the company’s stock valued at $974,748,000 after buying an additional 350,872 shares in the last quarter. Commonwealth Equity Services LLC increased its position in Schwab US Dividend Equity ETF by 7.5% in the 3rd quarter. Commonwealth Equity Services LLC now owns 4,281,892 shares of the company’s stock valued at $361,948,000 after acquiring an additional 297,674 shares in the last quarter. Orgel Wealth Management LLC raised its stake in shares of Schwab US Dividend Equity ETF by 1.7% in the third quarter. Orgel Wealth Management LLC now owns 4,257,335 shares of the company’s stock worth $359,873,000 after acquiring an additional 70,852 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of Schwab US Dividend Equity ETF by 2.9% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 3,629,338 shares of the company’s stock worth $306,788,000 after purchasing an additional 101,637 shares in the last quarter. Finally, Strategic Financial Concepts LLC grew its stake in shares of Schwab US Dividend Equity ETF by 5,259.9% during the second quarter. Strategic Financial Concepts LLC now owns 3,114,560 shares of the company’s stock valued at $242,188,000 after purchasing an additional 3,056,451 shares during the last quarter.

Schwab US Dividend Equity ETF Stock Down 0.6 %

NYSEARCA:SCHD traded down $0.17 during trading hours on Monday, hitting $27.27. 19,260,866 shares of the stock were exchanged, compared to its average volume of 15,242,932. The company has a market capitalization of $19.13 billion, a P/E ratio of 15.04 and a beta of 0.74. The company’s 50 day moving average is $28.38 and its two-hundred day moving average is $27.73. Schwab US Dividend Equity ETF has a twelve month low of $24.97 and a twelve month high of $29.72.

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.