IFG Advisory LLC boosted its stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD – Free Report) by 34.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 306,423 shares of the company’s stock after purchasing an additional 77,939 shares during the period. IFG Advisory LLC’s holdings in Schwab US Dividend Equity ETF were worth $8,405,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Sumitomo Life Insurance Co. bought a new position in Schwab US Dividend Equity ETF in the 3rd quarter valued at approximately $847,665,000. Avantax Planning Partners Inc. lifted its stake in Schwab US Dividend Equity ETF by 3.8% in the 4th quarter. Avantax Planning Partners Inc. now owns 10,106,223 shares of the company’s stock valued at $277,214,000 after purchasing an additional 366,548 shares during the last quarter. Cassaday & Co Wealth Management LLC lifted its stake in Schwab US Dividend Equity ETF by 52.2% in the 4th quarter. Cassaday & Co Wealth Management LLC now owns 9,244,248 shares of the company’s stock valued at $253,570,000 after purchasing an additional 3,170,728 shares during the last quarter. MML Investors Services LLC lifted its stake in Schwab US Dividend Equity ETF by 3.2% in the 2nd quarter. MML Investors Services LLC now owns 6,058,642 shares of the company’s stock valued at $160,554,000 after purchasing an additional 185,649 shares during the last quarter. Finally, HighTower Advisors LLC lifted its stake in Schwab US Dividend Equity ETF by 0.6% in the 3rd quarter. HighTower Advisors LLC now owns 5,684,538 shares of the company’s stock valued at $155,188,000 after purchasing an additional 33,472 shares during the last quarter.
Schwab US Dividend Equity ETF Stock Performance
Shares of NYSEARCA SCHD opened at $32.55 on Thursday. Schwab US Dividend Equity ETF has a 52-week low of $25.89 and a 52-week high of $32.91. The firm has a 50 day moving average price of $31.24 and a two-hundred day moving average price of $29.81. The stock has a market cap of $92.40 billion, a P/E ratio of 14.57 and a beta of 0.68.
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.
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