Schwab US Dividend Equity ETF (NYSEARCA:SCHD) Position Lifted by Investment Advisory Services Inc. TX ADV

Investment Advisory Services Inc. TX ADV lifted its stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 4.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 512,581 shares of the company’s stock after acquiring an additional 20,689 shares during the period. Schwab US Dividend Equity ETF accounts for 5.2% of Investment Advisory Services Inc. TX ADV’s portfolio, making the stock its 5th largest position. Investment Advisory Services Inc. TX ADV’s holdings in Schwab US Dividend Equity ETF were worth $14,332,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in SCHD. Bank of America Corp DE boosted its stake in Schwab US Dividend Equity ETF by 569.6% in the fourth quarter. Bank of America Corp DE now owns 49,630,784 shares of the company’s stock valued at $1,355,913,000 after acquiring an additional 42,218,696 shares in the last quarter. LPL Financial LLC lifted its holdings in shares of Schwab US Dividend Equity ETF by 214.9% during the 4th quarter. LPL Financial LLC now owns 36,314,776 shares of the company’s stock valued at $992,120,000 after purchasing an additional 24,783,386 shares during the last quarter. Avantax Advisory Services Inc. boosted its position in shares of Schwab US Dividend Equity ETF by 205.8% in the 4th quarter. Avantax Advisory Services Inc. now owns 26,003,626 shares of the company’s stock worth $710,419,000 after purchasing an additional 17,501,170 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Schwab US Dividend Equity ETF during the 4th quarter worth $592,939,000. Finally, Envestnet Asset Management Inc. increased its position in Schwab US Dividend Equity ETF by 208.5% during the 4th 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 NYSEARCA SCHD opened at $26.20 on Thursday. Schwab US Dividend Equity ETF has a fifty-two week low of $23.87 and a fifty-two week high of $29.72. The company has a market cap of $68.12 billion, a PE ratio of 14.34 and a beta of 0.80. The business has a 50-day simple moving average of $26.17 and a two-hundred day simple moving average of $27.05.

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.