Schwab US Dividend Equity ETF (NYSEARCA:SCHD) Shares Bought by Alliance Wealth Management Group

Alliance Wealth Management Group boosted its holdings in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 191.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 206,821 shares of the company’s stock after purchasing an additional 135,977 shares during the period. Schwab US Dividend Equity ETF makes up approximately 1.5% of Alliance Wealth Management Group’s holdings, making the stock its 21st biggest position. Alliance Wealth Management Group’s holdings in Schwab US Dividend Equity ETF were worth $5,650,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. LPL Financial LLC boosted its holdings in shares of Schwab US Dividend Equity ETF by 214.9% in the fourth quarter. LPL Financial LLC now owns 36,314,776 shares of the company’s stock worth $992,120,000 after buying an additional 24,783,386 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of Schwab US Dividend Equity ETF during the fourth quarter worth $592,939,000. Sumitomo Life Insurance Co. lifted its holdings in shares of Schwab US Dividend Equity ETF by 200.0% during the 4th quarter. Sumitomo Life Insurance Co. now owns 26,820,000 shares of the company’s stock valued at $732,722,000 after buying an additional 17,880,000 shares during the last quarter. Avantax Advisory Services Inc. grew its position in Schwab US Dividend Equity ETF by 205.8% in the fourth quarter. Avantax Advisory Services Inc. now owns 26,003,626 shares of the company’s stock worth $710,419,000 after acquiring an additional 17,501,170 shares in the last quarter. Finally, Wealthspire Advisors LLC increased its stake in shares of Schwab US Dividend Equity ETF by 195.8% during the 4th quarter. Wealthspire Advisors LLC now owns 15,144,112 shares of the company’s stock worth $413,737,000 after purchasing an additional 10,024,156 shares during the last quarter.

Schwab US Dividend Equity ETF Trading Up 1.4 %

Schwab US Dividend Equity ETF stock opened at $27.96 on Tuesday. The company has a market capitalization of $70.46 billion, a P/E ratio of 17.12 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. The firm’s fifty day simple moving average is $27.97 and its 200-day simple moving average is $28.14.

Schwab US Dividend Equity ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Monday, March 31st. Shareholders of record on Wednesday, March 26th were issued a dividend of $0.2488 per share. The ex-dividend date was Wednesday, March 26th.

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.