MAS Advisors LLC Has $3.50 Million Stake in Schwab US Dividend Equity ETF $SCHD

MAS Advisors LLC raised its stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 120.0% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 132,216 shares of the company’s stock after buying an additional 72,116 shares during the quarter. Schwab US Dividend Equity ETF accounts for approximately 5.7% of MAS Advisors LLC’s holdings, making the stock its 4th biggest holding. MAS Advisors LLC’s holdings in Schwab US Dividend Equity ETF were worth $3,504,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Opal Wealth Advisors LLC bought a new position in shares of Schwab US Dividend Equity ETF in the first quarter worth $27,000. Kozak & Associates Inc. lifted its stake in Schwab US Dividend Equity ETF by 476.1% during the second quarter. Kozak & Associates Inc. now owns 1,135 shares of the company’s stock valued at $31,000 after purchasing an additional 938 shares during the last quarter. Financial Management Professionals Inc. lifted its position in shares of Schwab US Dividend Equity ETF by 241.9% during the 2nd quarter. Financial Management Professionals Inc. now owns 1,282 shares of the company’s stock valued at $34,000 after acquiring an additional 907 shares during the last quarter. Cooksen Wealth LLC purchased a new position in Schwab US Dividend Equity ETF in the 1st quarter worth about $38,000. Finally, Optimum Investment Advisors increased its position in shares of Schwab US Dividend Equity ETF by 57.6% in the first quarter. Optimum Investment Advisors now owns 1,381 shares of the company’s stock worth $39,000 after acquiring an additional 505 shares in the last quarter.

Schwab US Dividend Equity ETF Trading Up 0.3%

Shares of Schwab US Dividend Equity ETF stock opened at $27.41 on Monday. 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 cap of $71.87 billion, a P/E ratio of 14.57 and a beta of 0.88. The stock has a 50-day moving average price of $27.33 and a 200 day moving average price of $26.75.

Schwab US Dividend Equity ETF 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.