Avalon Trust Co Raises Stock Position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Avalon Trust Co increased its stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 200.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,420 shares of the company’s stock after acquiring an additional 2,280 shares during the quarter. Avalon Trust Co’s holdings in Schwab US Dividend Equity ETF were worth $93,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SCHD. Sumitomo Life Insurance Co. grew its holdings in shares of Schwab US Dividend Equity ETF by 200.0% during the fourth quarter. Sumitomo Life Insurance Co. now owns 26,820,000 shares of the company’s stock worth $732,722,000 after buying an additional 17,880,000 shares in the last quarter. Avantax Advisory Services Inc. grew its holdings in shares of Schwab US Dividend Equity ETF by 205.8% during the fourth quarter. Avantax Advisory Services Inc. now owns 26,003,626 shares of the company’s stock worth $710,419,000 after buying an additional 17,501,170 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Schwab US Dividend Equity ETF during the fourth quarter worth $592,939,000. Wealthspire Advisors LLC grew its holdings in shares of Schwab US Dividend Equity ETF by 195.8% during the fourth quarter. Wealthspire Advisors LLC now owns 15,144,112 shares of the company’s stock worth $413,737,000 after buying an additional 10,024,156 shares in the last quarter. Finally, Commonwealth Equity Services LLC grew its holdings in shares of Schwab US Dividend Equity ETF by 206.7% during the fourth quarter. Commonwealth Equity Services LLC now owns 13,130,560 shares of the company’s stock worth $358,727,000 after buying an additional 8,848,668 shares in the last quarter.

Schwab US Dividend Equity ETF Stock Up 1.3 %

Schwab US Dividend Equity ETF stock opened at $27.64 on Friday. Schwab US Dividend Equity ETF has a 52-week low of $25.18 and a 52-week high of $29.72. The firm has a market capitalization of $68.55 billion, a price-to-earnings ratio of 17.56 and a beta of 0.86. The company has a fifty day simple moving average of $27.89 and a 200-day simple moving average of $28.13.

Schwab US Dividend Equity ETF Company 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.