HBK Sorce Advisory LLC Has $6.71 Million Stake in Schwab US Dividend Equity ETF $SCHD

HBK Sorce Advisory LLC increased its stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 8.7% during the fourth quarter, HoldingsChannel reports. The fund owned 244,681 shares of the company’s stock after buying an additional 19,624 shares during the period. HBK Sorce Advisory LLC’s holdings in Schwab US Dividend Equity ETF were worth $6,712,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in SCHD. Sumitomo Life Insurance Co. acquired a new stake in shares of Schwab US Dividend Equity ETF during the third quarter worth $847,665,000. Cibc World Market Inc. raised its holdings in shares of Schwab US Dividend Equity ETF by 243.5% during the third quarter. Cibc World Market Inc. now owns 5,328,615 shares of the company’s stock worth $145,471,000 after acquiring an additional 3,777,339 shares during the period. Cassaday & Co Wealth Management LLC raised its holdings in shares of Schwab US Dividend Equity ETF by 52.2% during the fourth quarter. Cassaday & Co Wealth Management LLC now owns 9,244,248 shares of the company’s stock worth $253,570,000 after acquiring an additional 3,170,728 shares during the period. Keudell Morrison Wealth Management acquired a new stake in shares of Schwab US Dividend Equity ETF during the fourth quarter worth $43,773,000. Finally, Evergreen Advisors LLC acquired a new stake in shares of Schwab US Dividend Equity ETF during the fourth quarter worth $41,630,000.

Schwab US Dividend Equity ETF Price Performance

Shares of NYSEARCA:SCHD opened at $32.83 on Monday. Schwab US Dividend Equity ETF has a 12 month low of $25.69 and a 12 month high of $32.88. The company’s fifty day simple moving average is $31.13 and its 200 day simple moving average is $29.68. The firm has a market cap of $93.19 billion, a price-to-earnings ratio of 14.57 and a beta of 0.68.

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.