Apriem Advisors Acquires 205,420 Shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Apriem Advisors raised its stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 267.8% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 282,139 shares of the company’s stock after acquiring an additional 205,420 shares during the period. Apriem Advisors’ holdings in Schwab US Dividend Equity ETF were worth $7,708,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Central Pacific Bank Trust Division lifted its stake in Schwab US Dividend Equity ETF by 200.0% in the 4th 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 stake in shares of Schwab US Dividend Equity ETF in the fourth quarter valued at approximately $26,000. Moisand Fitzgerald Tamayo LLC lifted its position in shares of Schwab US Dividend Equity ETF by 294.3% in the fourth 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 boosted its holdings in Schwab US Dividend Equity ETF by 184.4% during the fourth quarter. IFS Advisors LLC now owns 1,078 shares of the company’s stock worth $29,000 after purchasing an additional 699 shares during the last quarter. Finally, Kennebec Savings Bank bought a new position in Schwab US Dividend Equity ETF in the third quarter valued at $31,000.

Schwab US Dividend Equity ETF Trading Down 1.1 %

Shares of SCHD stock opened at $28.15 on Thursday. The firm’s fifty day moving average price is $27.73 and its two-hundred day moving average price is $28.08. Schwab US Dividend Equity ETF has a 1 year low of $25.18 and a 1 year high of $29.72. The firm has a market capitalization of $68.97 billion, a P/E 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.