Madison Investment Advisors LLC Invests $3.89 Million in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Madison Investment Advisors LLC acquired a new position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 142,530 shares of the company’s stock, valued at approximately $3,894,000.

A number of other large investors have also recently made changes to their positions in the business. Sumitomo Life Insurance Co. boosted its position in shares of 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 purchasing an additional 17,880,000 shares in the last quarter. Avantax Advisory Services Inc. boosted its position in shares of Schwab US Dividend Equity ETF by 205.8% during the fourth quarter. Avantax Advisory Services Inc. now owns 26,003,626 shares of the company’s stock valued at $710,419,000 after purchasing an additional 17,501,170 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Schwab US Dividend Equity ETF during the fourth quarter valued at approximately $592,939,000. Wealthspire Advisors LLC boosted its position in shares of Schwab US Dividend Equity ETF by 195.8% during the fourth quarter. Wealthspire Advisors LLC now owns 15,144,112 shares of the company’s stock valued at $413,737,000 after purchasing an additional 10,024,156 shares in the last quarter. Finally, Commonwealth Equity Services LLC boosted its position in shares of Schwab US Dividend Equity ETF by 206.7% during the fourth quarter. Commonwealth Equity Services LLC now owns 13,130,560 shares of the company’s stock valued at $358,727,000 after purchasing an additional 8,848,668 shares in the last quarter.

Schwab US Dividend Equity ETF Stock Down 0.7 %

NYSEARCA SCHD opened at $27.76 on Friday. Schwab US Dividend Equity ETF has a twelve month low of $25.18 and a twelve month high of $29.72. The firm has a market capitalization of $68.84 billion, a PE ratio of 17.56 and a beta of 0.86. The stock’s 50 day moving average is $27.95 and its 200 day moving average is $28.13.

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.