Financial Advisors LLC Takes Position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Financial Advisors LLC acquired a new position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 10,711 shares of the company’s stock, valued at approximately $293,000.

Several other institutional investors also recently modified their holdings of SCHD. Orgel Wealth Management LLC lifted its holdings in Schwab US Dividend Equity ETF by 159.8% during the 4th quarter. Orgel Wealth Management LLC now owns 11,062,243 shares of the company’s stock worth $302,220,000 after buying an additional 6,804,908 shares during the period. Keystone Financial Planning Inc. lifted its stake in shares of Schwab US Dividend Equity ETF by 188.6% in the fourth quarter. Keystone Financial Planning Inc. now owns 5,365,627 shares of the company’s stock worth $146,589,000 after acquiring an additional 3,506,729 shares during the period. Ameritas Advisory Services LLC boosted its holdings in Schwab US Dividend Equity ETF by 217.1% in the fourth quarter. Ameritas Advisory Services LLC now owns 2,173,729 shares of the company’s stock valued at $59,386,000 after acquiring an additional 1,488,281 shares during the last quarter. Howard Financial Services LTD. boosted its holdings in Schwab US Dividend Equity ETF by 207.6% in the fourth quarter. Howard Financial Services LTD. now owns 2,021,759 shares of the company’s stock valued at $55,234,000 after acquiring an additional 1,364,511 shares during the last quarter. Finally, Marquette Asset Management LLC increased its position in Schwab US Dividend Equity ETF by 200.7% during the 4th quarter. Marquette Asset Management LLC now owns 2,017,395 shares of the company’s stock valued at $55,115,000 after purchasing an additional 1,346,461 shares during the period.

Schwab US Dividend Equity ETF Stock Performance

Shares of NYSEARCA SCHD opened at $27.99 on Friday. The company’s 50 day moving average price is $28.19 and its 200-day moving average price is $27.82. Schwab US Dividend Equity ETF has a 52-week low of $25.03 and a 52-week high of $29.72. The company has a market capitalization of $19.63 billion, a P/E ratio of 15.04 and a beta of 0.74.

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.