Investors Research Corp Buys 144,734 Shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Investors Research Corp boosted its stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 220.0% in the fourth quarter, Holdings Channel reports. The firm owned 210,522 shares of the company’s stock after acquiring an additional 144,734 shares during the period. Schwab US Dividend Equity ETF comprises about 1.3% of Investors Research Corp’s holdings, making the stock its 16th biggest position. Investors Research Corp’s holdings in Schwab US Dividend Equity ETF were worth $5,751,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Kennebec Savings Bank bought a new position in Schwab US Dividend Equity ETF in the third quarter worth $31,000. Phillips Financial Management LLC lifted its position in Schwab US Dividend Equity ETF by 144.8% in the third quarter. Phillips Financial Management LLC now owns 661 shares of the company’s stock worth $56,000 after purchasing an additional 391 shares during the period. Legacy Investment Solutions LLC bought a new position in Schwab US Dividend Equity ETF in the third quarter worth $34,000. Anchor Investment Management LLC lifted its position in Schwab US Dividend Equity ETF by 1.1% in the third quarter. Anchor Investment Management LLC now owns 38,517 shares of the company’s stock worth $3,256,000 after purchasing an additional 428 shares during the period. Finally, Beam Wealth Advisors Inc. lifted its position in Schwab US Dividend Equity ETF by 1.4% in the third quarter. Beam Wealth Advisors Inc. now owns 30,773 shares of the company’s stock worth $2,601,000 after purchasing an additional 429 shares during the period.

Schwab US Dividend Equity ETF Stock Performance

Shares of NYSEARCA SCHD opened at $28.46 on Monday. The stock has a market cap of $69.73 billion, a PE ratio of 17.56 and a beta of 0.88. The business has a fifty day moving average of $27.85 and a two-hundred day moving average of $28.13. Schwab US Dividend Equity ETF has a 52-week low of $25.18 and a 52-week high of $29.72.

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.