Allied Investment Advisors LLC Buys 977,548 Shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Allied Investment Advisors LLC boosted its stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 204.8% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 1,454,946 shares of the company’s stock after acquiring an additional 977,548 shares during the period. Schwab US Dividend Equity ETF comprises about 8.0% of Allied Investment Advisors LLC’s holdings, making the stock its biggest holding. Allied Investment Advisors LLC owned 0.21% of Schwab US Dividend Equity ETF worth $39,749,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Central Pacific Bank Trust Division lifted its position in shares of Schwab US Dividend Equity ETF by 200.0% in the fourth quarter. Central Pacific Bank Trust Division now owns 906 shares of the company’s stock valued at $25,000 after acquiring an additional 604 shares in the last quarter. Hoese & Co LLP acquired a new position in Schwab US Dividend Equity ETF in the 4th quarter valued at $26,000. IFS Advisors LLC lifted its holdings in Schwab US Dividend Equity ETF by 184.4% in the 4th quarter. IFS Advisors LLC now owns 1,078 shares of the company’s stock valued at $29,000 after purchasing an additional 699 shares in the last quarter. Kennebec Savings Bank acquired a new stake in Schwab US Dividend Equity ETF during the 3rd quarter worth $31,000. Finally, Olistico Wealth LLC boosted its stake in Schwab US Dividend Equity ETF by 202.2% during the 4th quarter. Olistico Wealth LLC now owns 1,118 shares of the company’s stock worth $31,000 after purchasing an additional 748 shares during the last quarter.

Schwab US Dividend Equity ETF Stock Up 0.7 %

Shares of NYSEARCA SCHD opened at $27.99 on Wednesday. The firm has a 50-day simple moving average of $27.70 and a 200-day simple moving average of $28.01. The stock has a market capitalization of $68.58 billion, a price-to-earnings ratio of 17.48 and a beta of 0.88. Schwab US Dividend Equity ETF has a 52 week low of $25.18 and a 52 week high of $29.72.

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.