Panoramic Investment Advisors LLC Grows Stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Panoramic Investment Advisors LLC increased its position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 0.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 95,543 shares of the company’s stock after purchasing an additional 323 shares during the quarter. Schwab US Dividend Equity ETF makes up about 6.3% of Panoramic Investment Advisors LLC’s portfolio, making the stock its 2nd biggest position. Panoramic Investment Advisors LLC’s holdings in Schwab US Dividend Equity ETF were worth $7,274,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Moneta Group Investment Advisors LLC lifted its holdings in Schwab US Dividend Equity ETF by 104,751.9% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 52,654,527 shares of the company’s stock worth $3,977,523,000 after buying an additional 52,604,309 shares during the period. LPL Financial LLC lifted its holdings in Schwab US Dividend Equity ETF by 4.7% during the third quarter. LPL Financial LLC now owns 11,272,535 shares of the company’s stock worth $797,645,000 after buying an additional 503,970 shares during the period. Charles Schwab Investment Advisory Inc. lifted its holdings in Schwab US Dividend Equity ETF by 3.7% during the first quarter. Charles Schwab Investment Advisory Inc. now owns 8,927,261 shares of the company’s stock worth $704,272,000 after buying an additional 319,294 shares during the period. Morgan Stanley lifted its holdings in shares of Schwab US Dividend Equity ETF by 13.3% during the 4th quarter. Morgan Stanley now owns 7,736,874 shares of the company’s stock valued at $584,444,000 after purchasing an additional 911,053 shares during the last quarter. Finally, Avantax Advisory Services Inc. lifted its holdings in shares of Schwab US Dividend Equity ETF by 3.7% during the 3rd quarter. Avantax Advisory Services Inc. now owns 7,458,984 shares of the company’s stock valued at $527,798,000 after purchasing an additional 266,516 shares during the last quarter.

Schwab US Dividend Equity ETF Trading Up 1.0 %

Shares of SCHD traded up $0.80 during midday trading on Wednesday, hitting $79.67. 1,778,716 shares of the company’s stock traded hands, compared to its average volume of 3,655,674. Schwab US Dividend Equity ETF has a 1 year low of $66.67 and a 1 year high of $80.05. The firm’s fifty day moving average is $77.62 and its 200-day moving average is $74.18. The stock has a market capitalization of $52.44 billion, a price-to-earnings ratio of 14.38 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.