Schwab US Dividend Equity ETF (NYSEARCA:SCHD) Stock Holdings Boosted by Independent Advisor Alliance

Independent Advisor Alliance lifted its position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 8,161.6% in the 4th quarter, Holdings Channel reports. The fund owned 1,390,683 shares of the company’s stock after buying an additional 1,373,850 shares during the period. Independent Advisor Alliance’s holdings in Schwab US Dividend Equity ETF were worth $37,993,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Kennebec Savings Bank bought a new position in Schwab US Dividend Equity ETF in the 3rd quarter valued at about $31,000. Legacy Investment Solutions LLC bought a new position in Schwab US Dividend Equity ETF in the 3rd quarter valued at about $34,000. Cassady Schiller Wealth Management LLC bought a new position in shares of Schwab US Dividend Equity ETF during the 3rd quarter valued at about $38,000. Phillips Financial Management LLC boosted its position in shares of Schwab US Dividend Equity ETF by 144.8% during the 3rd quarter. Phillips Financial Management LLC now owns 661 shares of the company’s stock valued at $56,000 after purchasing an additional 391 shares in the last quarter. Finally, Hobbs Group Advisors LLC bought a new position in shares of Schwab US Dividend Equity ETF during the 3rd quarter valued at about $68,000.

Schwab US Dividend Equity ETF Trading Up 1.4 %

NYSEARCA:SCHD opened at $28.46 on Monday. Schwab US Dividend Equity ETF has a twelve month low of $25.18 and a twelve month high of $29.72. The company has a 50-day moving average of $27.85 and a 200-day moving average of $28.13. The firm has a market cap of $69.73 billion, a price-to-earnings ratio of 17.56 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.