Schwab US Dividend Equity ETF (NYSEARCA:SCHD) Shares Acquired by Avantax Advisory Services Inc.

Avantax Advisory Services Inc. raised its stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 205.8% in the fourth quarter, Holdings Channel.com reports. The fund owned 26,003,626 shares of the company’s stock after purchasing an additional 17,501,170 shares during the period. Schwab US Dividend Equity ETF makes up approximately 4.5% of Avantax Advisory Services Inc.’s investment portfolio, making the stock its 4th biggest position. Avantax Advisory Services Inc.’s holdings in Schwab US Dividend Equity ETF were worth $710,419,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in SCHD. Tyler Stone Wealth Management increased its position in shares of Schwab US Dividend Equity ETF by 224.6% during the third quarter. Tyler Stone Wealth Management now owns 2,691 shares of the company’s stock valued at $227,000 after acquiring an additional 1,862 shares during the last quarter. Kennebec Savings Bank acquired a new stake in shares of Schwab US Dividend Equity ETF during the third quarter valued at about $31,000. Patten & Patten Inc. TN increased its position in shares of Schwab US Dividend Equity ETF by 10.4% during the third quarter. Patten & Patten Inc. TN now owns 10,255 shares of the company’s stock valued at $867,000 after acquiring an additional 970 shares during the last quarter. Everhart Financial Group Inc. increased its position in shares of Schwab US Dividend Equity ETF by 2.2% during the third quarter. Everhart Financial Group Inc. now owns 47,307 shares of the company’s stock valued at $4,004,000 after acquiring an additional 1,022 shares during the last quarter. Finally, Apollon Wealth Management LLC increased its position in shares of Schwab US Dividend Equity ETF by 32.0% during the third quarter. Apollon Wealth Management LLC now owns 70,244 shares of the company’s stock valued at $5,938,000 after acquiring an additional 17,015 shares during the last quarter.

Schwab US Dividend Equity ETF Price Performance

Shares of SCHD opened at $27.74 on Wednesday. The stock has a market cap of $68.80 billion, a PE ratio of 17.56 and a beta of 0.86. The firm has a 50-day simple moving average of $27.88 and a two-hundred day simple moving average of $28.14. Schwab US Dividend Equity ETF has a 1-year low of $25.18 and a 1-year high of $29.72.

About Schwab US Dividend Equity ETF

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.