Schwab US Dividend Equity ETF (NYSEARCA:SCHD) Shares Acquired by Legacy Advisors LLC

Legacy Advisors LLC increased its stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 67.0% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 127,927 shares of the company’s stock after acquiring an additional 51,340 shares during the quarter. Legacy Advisors LLC’s holdings in Schwab US Dividend Equity ETF were worth $3,577,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the stock. Bank of America Corp DE grew its holdings in shares of Schwab US Dividend Equity ETF by 569.6% in the 4th quarter. Bank of America Corp DE now owns 49,630,784 shares of the company’s stock worth $1,355,913,000 after acquiring an additional 42,218,696 shares during the last quarter. LPL Financial LLC grew its holdings in shares of Schwab US Dividend Equity ETF by 214.9% in the 4th quarter. LPL Financial LLC now owns 36,314,776 shares of the company’s stock worth $992,120,000 after acquiring an additional 24,783,386 shares during the last quarter. Avantax Advisory Services Inc. grew its holdings in shares of Schwab US Dividend Equity ETF by 205.8% during the fourth quarter. Avantax Advisory Services Inc. now owns 26,003,626 shares of the company’s stock valued at $710,419,000 after buying an additional 17,501,170 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of Schwab US Dividend Equity ETF during the fourth quarter valued at $592,939,000. Finally, Envestnet Asset Management Inc. grew its holdings in shares of Schwab US Dividend Equity ETF by 208.5% during the fourth quarter. Envestnet Asset Management Inc. now owns 19,626,674 shares of the company’s stock valued at $536,201,000 after buying an additional 13,264,762 shares in the last quarter.

Schwab US Dividend Equity ETF Stock Performance

Shares of SCHD stock opened at $26.70 on Tuesday. Schwab US Dividend Equity ETF has a 1-year low of $23.87 and a 1-year high of $29.72. The company has a market capitalization of $69.42 billion, a price-to-earnings ratio of 14.34 and a beta of 0.80. The stock’s fifty day simple moving average is $26.12 and its 200-day simple moving average is $27.06.

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.