125,336 Shares in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) Acquired by McGrath & Associates Inc.

McGrath & Associates Inc. acquired a new stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 125,336 shares of the company’s stock, valued at approximately $3,424,000. Schwab US Dividend Equity ETF comprises about 6.9% of McGrath & Associates Inc.’s investment portfolio, making the stock its 3rd biggest position.

A number of other institutional investors also recently modified their holdings of SCHD. Gateway Wealth Partners LLC purchased a new stake in Schwab US Dividend Equity ETF during the third quarter worth about $278,000. Vanguard Capital Wealth Advisors grew its stake in shares of Schwab US Dividend Equity ETF by 84.2% during the third quarter. Vanguard Capital Wealth Advisors now owns 8,582 shares of the company’s stock valued at $725,000 after buying an additional 3,923 shares during the last quarter. Eagle Strategies LLC grew its stake in shares of Schwab US Dividend Equity ETF by 2.3% in the third quarter. Eagle Strategies LLC now owns 143,941 shares of the company’s stock worth $12,167,000 after purchasing an additional 3,259 shares during the last quarter. Lodestar Private Asset Management LLC lifted its holdings in Schwab US Dividend Equity ETF by 2.9% in the third quarter. Lodestar Private Asset Management LLC now owns 370,709 shares of the company’s stock worth $31,336,000 after buying an additional 10,362 shares during the period. Finally, Mutual Advisors LLC lifted its holdings in Schwab US Dividend Equity ETF by 208.7% in the third quarter. Mutual Advisors LLC now owns 543,921 shares of the company’s stock worth $45,978,000 after buying an additional 367,725 shares during the period.

Schwab US Dividend Equity ETF Trading Down 1.1 %

NYSEARCA SCHD opened at $28.15 on Thursday. Schwab US Dividend Equity ETF has a 12 month low of $25.18 and a 12 month high of $29.72. The stock has a market cap of $68.97 billion, a P/E ratio of 17.48 and a beta of 0.88. The stock’s fifty day moving average price is $27.73 and its 200-day moving average price is $28.08.

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.