Parallel Advisors LLC grew its holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD – Free Report) by 183.0% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 625,235 shares of the company’s stock after acquiring an additional 404,266 shares during the quarter. Parallel Advisors LLC’s holdings in Schwab US Dividend Equity ETF were worth $17,081,000 as of its most recent filing with the SEC.
Several other hedge funds have also made changes to their positions in SCHD. Legacy Investment Solutions LLC purchased a new position in Schwab US Dividend Equity ETF in the 3rd quarter valued at $34,000. Cassady Schiller Wealth Management LLC purchased a new position in Schwab US Dividend Equity ETF during the 3rd quarter worth $38,000. Phillips Financial Management LLC boosted its holdings 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 valued at $56,000 after acquiring an additional 391 shares in the last quarter. Hobbs Group Advisors LLC purchased a new stake in shares of Schwab US Dividend Equity ETF in the third quarter valued at about $68,000. Finally, Prospera Private Wealth LLC acquired a new position in shares of Schwab US Dividend Equity ETF during the third quarter worth about $73,000.
Schwab US Dividend Equity ETF Stock Up 1.3 %
NYSEARCA SCHD opened at $27.64 on Monday. Schwab US Dividend Equity ETF has a 52-week low of $25.18 and a 52-week high of $29.72. The firm has a 50-day moving average price of $27.89 and a 200 day moving average price of $28.13. The stock has a market capitalization of $68.55 billion, a P/E ratio of 17.56 and a beta of 0.86.
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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Want to see what other hedge funds are holding SCHD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Schwab US Dividend Equity ETF (NYSEARCA:SCHD – Free Report).
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