Independent Advisor Alliance Grows Stock Holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Independent Advisor Alliance grew its holdings in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 8,161.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,390,683 shares of the company’s stock after buying an additional 1,373,850 shares during the quarter. Independent Advisor Alliance owned 0.20% of Schwab US Dividend Equity ETF worth $37,993,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in SCHD. Central Pacific Bank Trust Division lifted its position in shares of Schwab US Dividend Equity ETF by 200.0% during 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 in the last quarter. Hoese & Co LLP acquired a new stake in Schwab US Dividend Equity ETF in the fourth quarter valued at $26,000. Moisand Fitzgerald Tamayo LLC raised its holdings in 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 valued at $28,000 after acquiring an additional 777 shares in the last quarter. PFG Private Wealth Management LLC raised its holdings in Schwab US Dividend Equity ETF by 200.0% in the fourth quarter. PFG Private Wealth Management LLC now owns 1,029 shares of the company’s stock valued at $28,000 after acquiring an additional 686 shares in the last quarter. Finally, IFS Advisors LLC raised its holdings in Schwab US Dividend Equity ETF by 184.4% in the fourth quarter. IFS Advisors LLC now owns 1,078 shares of the company’s stock valued at $29,000 after acquiring an additional 699 shares in the last quarter.

Schwab US Dividend Equity ETF Price Performance

SCHD opened at $28.46 on Monday. The stock has a market capitalization of $69.73 billion, a PE ratio of 17.56 and a beta of 0.88. The firm’s fifty day moving average price is $27.85 and its 200 day moving average price is $28.13. Schwab US Dividend Equity ETF has a 12-month low of $25.18 and a 12-month high of $29.72.

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.