Steward Partners Investment Advisory LLC Acquires 1,464,924 Shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Steward Partners Investment Advisory LLC increased its holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 219.9% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 2,131,110 shares of the company’s stock after buying an additional 1,464,924 shares during the quarter. Steward Partners Investment Advisory LLC owned about 0.30% of Schwab US Dividend Equity ETF worth $58,222,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Central Pacific Bank Trust Division boosted its position 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 worth $25,000 after purchasing an additional 604 shares during the last quarter. Hoese & Co LLP purchased a new position in Schwab US Dividend Equity ETF in the 4th quarter worth approximately $26,000. Moisand Fitzgerald Tamayo LLC lifted its holdings in Schwab US Dividend Equity ETF by 294.3% in the 4th quarter. Moisand Fitzgerald Tamayo LLC now owns 1,041 shares of the company’s stock worth $28,000 after purchasing an additional 777 shares in the last quarter. 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 worth $29,000 after purchasing an additional 699 shares in the last quarter. Finally, Kennebec Savings Bank bought a new stake in Schwab US Dividend Equity ETF in the 3rd quarter worth approximately $31,000.

Schwab US Dividend Equity ETF Price Performance

NYSEARCA:SCHD opened at $28.40 on Tuesday. Schwab US Dividend Equity ETF has a 1 year low of $25.18 and a 1 year high of $29.72. The stock’s 50 day simple moving average is $27.80 and its two-hundred day simple moving average is $28.12. The company has a market cap of $69.58 billion, a price-to-earnings ratio of 17.48 and a beta of 0.88.

Schwab US Dividend Equity ETF 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.