Petra Financial Advisors Inc. Grows Position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Petra Financial Advisors Inc. increased its holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 218.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 79,757 shares of the company’s stock after acquiring an additional 54,692 shares during the quarter. Schwab US Dividend Equity ETF makes up about 1.5% of Petra Financial Advisors Inc.’s investment portfolio, making the stock its 17th largest position. Petra Financial Advisors Inc.’s holdings in Schwab US Dividend Equity ETF were worth $2,179,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in SCHD. Raymond James Financial Inc. purchased a new stake in Schwab US Dividend Equity ETF in the fourth quarter worth about $592,939,000. Sumitomo Life Insurance Co. raised its holdings in Schwab US Dividend Equity ETF by 200.0% in the fourth quarter. Sumitomo Life Insurance Co. now owns 26,820,000 shares of the company’s stock worth $732,722,000 after purchasing an additional 17,880,000 shares in the last quarter. Avantax Advisory Services Inc. raised its holdings in Schwab US Dividend Equity ETF by 205.8% in the fourth quarter. Avantax Advisory Services Inc. now owns 26,003,626 shares of the company’s stock worth $710,419,000 after purchasing an additional 17,501,170 shares in the last quarter. Wealthspire Advisors LLC raised its holdings in Schwab US Dividend Equity ETF by 195.8% in the fourth quarter. Wealthspire Advisors LLC now owns 15,144,112 shares of the company’s stock worth $413,737,000 after purchasing an additional 10,024,156 shares in the last quarter. Finally, Commonwealth Equity Services LLC raised its holdings in Schwab US Dividend Equity ETF by 206.7% in the fourth quarter. Commonwealth Equity Services LLC now owns 13,130,560 shares of the company’s stock worth $358,727,000 after purchasing an additional 8,848,668 shares in the last quarter.

Schwab US Dividend Equity ETF Stock Performance

Shares of Schwab US Dividend Equity ETF stock opened at $27.96 on Tuesday. The company has a market capitalization of $69.34 billion, a PE ratio of 17.56 and a beta of 0.86. The company has a 50-day simple moving average of $27.90 and a two-hundred day simple moving average of $28.13. Schwab US Dividend Equity ETF has a one year low of $25.18 and a one year 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.