Petra Financial Advisors Inc. Increases Stock Holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Petra Financial Advisors Inc. boosted its position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 218.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 79,757 shares of the company’s stock after acquiring an additional 54,692 shares during the quarter. Schwab US Dividend Equity ETF accounts for approximately 1.5% of Petra Financial Advisors Inc.’s investment portfolio, making the stock its 17th biggest position. Petra Financial Advisors Inc.’s holdings in Schwab US Dividend Equity ETF were worth $2,179,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Legacy Investment Solutions LLC purchased a new position in shares of Schwab US Dividend Equity ETF in the 3rd quarter valued at about $34,000. Phillips Financial Management LLC boosted its stake in shares of Schwab US Dividend Equity ETF by 144.8% in the 3rd quarter. Phillips Financial Management LLC now owns 661 shares of the company’s stock valued at $56,000 after buying an additional 391 shares during the period. Hobbs Group Advisors LLC purchased a new position in shares of Schwab US Dividend Equity ETF in the 3rd quarter valued at about $68,000. Prospera Private Wealth LLC purchased a new position in shares of Schwab US Dividend Equity ETF in the 3rd quarter valued at about $73,000. Finally, Central Pacific Bank Trust Division boosted its stake in shares of Schwab US Dividend Equity ETF by 200.0% in the 4th quarter. Central Pacific Bank Trust Division now owns 906 shares of the company’s stock valued at $25,000 after buying an additional 604 shares during the period.

Schwab US Dividend Equity ETF Stock Performance

Shares of SCHD opened at $27.96 on Tuesday. The stock has a 50-day simple moving average of $27.90 and a 200-day simple moving average of $28.13. The stock has a market capitalization of $69.34 billion, a PE ratio of 17.56 and a beta of 0.86. Schwab US Dividend Equity ETF has a 1 year low of $25.18 and a 1 year 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.