Schwab US Dividend Equity ETF (NYSEARCA:SCHD) Position Increased by Acorn Wealth Advisors LLC

Acorn Wealth Advisors LLC grew its holdings in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 188.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 429,381 shares of the company’s stock after acquiring an additional 280,641 shares during the quarter. Schwab US Dividend Equity ETF comprises 4.8% of Acorn Wealth Advisors LLC’s investment portfolio, making the stock its 2nd largest position. Acorn Wealth Advisors LLC owned about 0.06% of Schwab US Dividend Equity ETF worth $11,731,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Highland Capital Management LLC bought a new stake in Schwab US Dividend Equity ETF during the third quarter worth about $356,000. Modera Wealth Management LLC raised its holdings in shares of Schwab US Dividend Equity ETF by 5.9% during the 3rd quarter. Modera Wealth Management LLC now owns 10,983 shares of the company’s stock valued at $928,000 after buying an additional 609 shares in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its position in Schwab US Dividend Equity ETF by 12.2% in the 3rd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 18,160 shares of the company’s stock worth $1,535,000 after buying an additional 1,978 shares during the last quarter. Inscription Capital LLC lifted its position in Schwab US Dividend Equity ETF by 6.7% in the 3rd quarter. Inscription Capital LLC now owns 40,932 shares of the company’s stock worth $3,460,000 after buying an additional 2,555 shares during the last quarter. Finally, Welch Group LLC purchased a new stake in Schwab US Dividend Equity ETF in the third quarter worth approximately $218,000.

Schwab US Dividend Equity ETF Price Performance

Shares of NYSEARCA SCHD opened at $28.26 on Tuesday. The stock has a market capitalization of $69.24 billion, a P/E ratio of 17.48 and a beta of 0.88. Schwab US Dividend Equity ETF has a one year low of $25.18 and a one year high of $29.72. The firm’s 50 day simple moving average is $27.69 and its two-hundred day simple moving average is $28.05.

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.