Schwab US Dividend Equity ETF (NYSEARCA:SCHD) is Acorn Wealth Advisors LLC’s 2nd Largest Position

Acorn Wealth Advisors LLC increased its holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 188.7% during the 4th quarter, Holdings Channel reports. The firm owned 429,381 shares of the company’s stock after buying an additional 280,641 shares during the period. Schwab US Dividend Equity ETF makes up approximately 4.8% of Acorn Wealth Advisors LLC’s investment portfolio, making the stock its 2nd biggest position. Acorn Wealth Advisors LLC’s holdings in Schwab US Dividend Equity ETF were worth $11,731,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Highland Capital Management LLC bought a new stake in shares of Schwab US Dividend Equity ETF in the 3rd quarter worth approximately $356,000. Modera Wealth Management LLC lifted its stake in Schwab US Dividend Equity ETF by 5.9% in the third quarter. Modera Wealth Management LLC now owns 10,983 shares of the company’s stock worth $928,000 after acquiring an additional 609 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its stake in Schwab US Dividend Equity ETF by 12.2% in the third quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 18,160 shares of the company’s stock worth $1,535,000 after acquiring an additional 1,978 shares during the period. Inscription Capital LLC boosted its holdings in Schwab US Dividend Equity ETF by 6.7% in the third quarter. Inscription Capital LLC now owns 40,932 shares of the company’s stock valued at $3,460,000 after acquiring an additional 2,555 shares in the last quarter. Finally, Welch Group LLC purchased a new position in Schwab US Dividend Equity ETF during the 3rd quarter valued at $218,000.

Schwab US Dividend Equity ETF Trading Up 0.2 %

Shares of NYSEARCA SCHD opened at $28.26 on Tuesday. The firm has a fifty day simple moving average of $27.69 and a two-hundred day simple moving average of $28.05. Schwab US Dividend Equity ETF has a 12 month low of $25.18 and a 12 month high of $29.72. The firm has a market capitalization of $69.24 billion, a PE 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.