Milestone Investment Advisors LLC Buys 168,278 Shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Milestone Investment Advisors LLC grew its stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 201.6% in the fourth quarter, Holdings Channel reports. The fund owned 251,769 shares of the company’s stock after acquiring an additional 168,278 shares during the quarter. Schwab US Dividend Equity ETF accounts for about 1.9% of Milestone Investment Advisors LLC’s portfolio, making the stock its 16th largest position. Milestone Investment Advisors LLC’s holdings in Schwab US Dividend Equity ETF were worth $6,878,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Central Pacific Bank Trust Division lifted its stake in 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 purchasing an additional 604 shares during the last quarter. Hoese & Co LLP bought a new stake in shares of Schwab US Dividend Equity ETF in the fourth quarter valued at $26,000. Moisand Fitzgerald Tamayo LLC lifted its position in shares of Schwab US Dividend Equity ETF by 294.3% during the 4th quarter. Moisand Fitzgerald Tamayo LLC now owns 1,041 shares of the company’s stock valued at $28,000 after buying an additional 777 shares during the last quarter. PFG Private Wealth Management LLC grew its stake in shares of Schwab US Dividend Equity ETF by 200.0% during the 4th quarter. PFG Private Wealth Management LLC now owns 1,029 shares of the company’s stock worth $28,000 after acquiring an additional 686 shares during the period. Finally, IFS Advisors LLC increased 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 worth $29,000 after acquiring an additional 699 shares during the last quarter.

Schwab US Dividend Equity ETF Stock Performance

Shares of Schwab US Dividend Equity ETF stock opened at $27.87 on Thursday. The stock has a market capitalization of $70.23 billion, a P/E ratio of 17.12 and a beta of 0.86. Schwab US Dividend Equity ETF has a 52-week low of $25.18 and a 52-week high of $29.72. The stock’s 50-day simple moving average is $27.96 and its 200 day simple moving average is $28.14.

Schwab US Dividend Equity ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Monday, March 31st. Stockholders of record on Wednesday, March 26th were given a $0.2488 dividend. The ex-dividend date of this dividend was Wednesday, March 26th.

About Schwab US Dividend Equity ETF

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.