Dana Investment Advisors Inc. Boosts Holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Dana Investment Advisors Inc. raised its holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 283.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 9,533 shares of the company’s stock after purchasing an additional 7,044 shares during the quarter. Dana Investment Advisors Inc.’s holdings in Schwab US Dividend Equity ETF were worth $260,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. Kennebec Savings Bank acquired a new position in shares of Schwab US Dividend Equity ETF in the third quarter worth about $31,000. Legacy Investment Solutions LLC acquired a new position in shares of Schwab US Dividend Equity ETF in the third quarter worth about $34,000. Cassady Schiller Wealth Management LLC acquired a new position in shares of Schwab US Dividend Equity ETF in the third quarter worth about $38,000. Phillips Financial Management LLC raised its position in shares of Schwab US Dividend Equity ETF by 144.8% in the third quarter. Phillips Financial Management LLC now owns 661 shares of the company’s stock worth $56,000 after acquiring an additional 391 shares during the period. Finally, Hobbs Group Advisors LLC acquired a new position in shares of Schwab US Dividend Equity ETF in the third quarter worth about $68,000.

Schwab US Dividend Equity ETF Stock Performance

Shares of Schwab US Dividend Equity ETF stock opened at $28.46 on Monday. The firm has a 50-day simple moving average of $27.85 and a two-hundred day simple moving average of $28.13. The company has a market cap of $69.73 billion, a P/E ratio of 17.56 and a beta of 0.88. Schwab US Dividend Equity ETF has a fifty-two week low of $25.18 and a fifty-two 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.