Schwab US Dividend Equity ETF (NYSEARCA:SCHD) Holdings Boosted by Avantax Advisory Services Inc.

Avantax Advisory Services Inc. raised its stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 205.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,003,626 shares of the company’s stock after purchasing an additional 17,501,170 shares during the period. Schwab US Dividend Equity ETF accounts for 4.5% of Avantax Advisory Services Inc.’s holdings, making the stock its 4th biggest position. Avantax Advisory Services Inc. owned about 3.71% of Schwab US Dividend Equity ETF worth $710,419,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of SCHD. Tyler Stone Wealth Management lifted its stake in shares of Schwab US Dividend Equity ETF by 224.6% in the third quarter. Tyler Stone Wealth Management now owns 2,691 shares of the company’s stock worth $227,000 after buying an additional 1,862 shares in the last quarter. Kennebec Savings Bank purchased a new position in Schwab US Dividend Equity ETF during the third quarter worth about $31,000. Patten & Patten Inc. TN raised its stake in Schwab US Dividend Equity ETF by 10.4% during the third quarter. Patten & Patten Inc. TN now owns 10,255 shares of the company’s stock worth $867,000 after purchasing an additional 970 shares during the period. Everhart Financial Group Inc. raised its stake in Schwab US Dividend Equity ETF by 2.2% during the third quarter. Everhart Financial Group Inc. now owns 47,307 shares of the company’s stock worth $4,004,000 after purchasing an additional 1,022 shares during the period. Finally, Apollon Wealth Management LLC raised its stake in Schwab US Dividend Equity ETF by 32.0% during the third quarter. Apollon Wealth Management LLC now owns 70,244 shares of the company’s stock worth $5,938,000 after purchasing an additional 17,015 shares during the period.

Schwab US Dividend Equity ETF Price Performance

Shares of SCHD stock opened at $27.74 on Wednesday. The firm’s 50-day moving average is $27.88 and its two-hundred day moving average is $28.14. Schwab US Dividend Equity ETF has a 12 month low of $25.18 and a 12 month high of $29.72. The company has a market capitalization of $68.80 billion, a PE ratio of 17.56 and a beta of 0.86.

Schwab US Dividend Equity ETF Company 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.