Maryland Capital Advisors Inc. Purchases Shares of 25,436 Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Maryland Capital Advisors Inc. purchased a new stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 25,436 shares of the company’s stock, valued at approximately $695,000.

A number of other institutional investors have also recently added to or reduced their stakes in SCHD. Sumitomo Life Insurance Co. grew its position in 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 valued at $732,722,000 after acquiring an additional 17,880,000 shares during the period. Orgel Wealth Management LLC boosted its position in shares of Schwab US Dividend Equity ETF by 159.8% in the fourth quarter. Orgel Wealth Management LLC now owns 11,062,243 shares of the company’s stock worth $302,220,000 after buying an additional 6,804,908 shares during the period. Strategic Financial Concepts LLC boosted its position in shares of Schwab US Dividend Equity ETF by 9,346.2% in the fourth quarter. Strategic Financial Concepts LLC now owns 3,576,526 shares of the company’s stock worth $97,711,000 after buying an additional 3,538,664 shares during the period. Keystone Financial Planning Inc. boosted its position in shares of Schwab US Dividend Equity ETF by 188.6% in the fourth quarter. Keystone Financial Planning Inc. now owns 5,365,627 shares of the company’s stock worth $146,589,000 after buying an additional 3,506,729 shares during the period. Finally, HHM Wealth Advisors LLC boosted its position in shares of Schwab US Dividend Equity ETF by 207.3% in the fourth quarter. HHM Wealth Advisors LLC now owns 4,872,578 shares of the company’s stock worth $133,119,000 after buying an additional 3,286,917 shares during the period.

Schwab US Dividend Equity ETF Price Performance

Shares of NYSEARCA SCHD opened at $27.79 on Friday. Schwab US Dividend Equity ETF has a 1-year low of $25.18 and a 1-year high of $29.72. The business has a 50-day moving average of $27.74 and a 200-day moving average of $27.99. The company has a market capitalization of $19.49 billion, a price-to-earnings ratio of 15.04 and a beta of 0.74.

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.