D.A. Davidson & CO. Buys 2,361,146 Shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

D.A. Davidson & CO. raised its stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 209.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,487,095 shares of the company’s stock after purchasing an additional 2,361,146 shares during the period. Schwab US Dividend Equity ETF makes up approximately 0.8% of D.A. Davidson & CO.’s holdings, making the stock its 23rd biggest position. D.A. Davidson & CO. owned 0.50% of Schwab US Dividend Equity ETF worth $95,267,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Central Pacific Bank Trust Division raised its holdings in Schwab US Dividend Equity ETF by 200.0% in the 4th quarter. Central Pacific Bank Trust Division now owns 906 shares of the company’s stock valued at $25,000 after acquiring an additional 604 shares in the last quarter. Hoese & Co LLP bought a new stake in shares of Schwab US Dividend Equity ETF during the fourth quarter worth $26,000. IFS Advisors LLC raised its holdings in shares of 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 buying an additional 699 shares during the last quarter. Kennebec Savings Bank acquired a new position in Schwab US Dividend Equity ETF during the 3rd quarter worth about $31,000. Finally, Olistico Wealth LLC grew its holdings in Schwab US Dividend Equity ETF by 202.2% during the 4th quarter. Olistico Wealth LLC now owns 1,118 shares of the company’s stock worth $31,000 after acquiring an additional 748 shares during the last quarter.

Schwab US Dividend Equity ETF Price Performance

SCHD opened at $27.79 on Tuesday. The company’s 50 day simple moving average is $27.72 and its 200-day simple moving average is $28.00. Schwab US Dividend Equity ETF has a one year low of $25.18 and a one year high of $29.72. The stock has a market capitalization of $68.09 billion, a P/E ratio of 17.48 and a beta of 0.88.

About Schwab US Dividend Equity ETF

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.