Schwab US Dividend Equity ETF (NYSEARCA:SCHD) Shares Purchased by Investmark Advisory Group LLC

Investmark Advisory Group LLC boosted its position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 200.8% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 21,089 shares of the company’s stock after acquiring an additional 14,078 shares during the quarter. Investmark Advisory Group LLC’s holdings in Schwab US Dividend Equity ETF were worth $576,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Bank of America Corp DE raised its stake in shares of Schwab US Dividend Equity ETF by 569.6% in the 4th quarter. Bank of America Corp DE now owns 49,630,784 shares of the company’s stock valued at $1,355,913,000 after purchasing an additional 42,218,696 shares in the last quarter. LPL Financial LLC raised its stake in shares of Schwab US Dividend Equity ETF by 214.9% in the 4th quarter. LPL Financial LLC now owns 36,314,776 shares of the company’s stock valued at $992,120,000 after purchasing an additional 24,783,386 shares in the last quarter. Sumitomo Life Insurance Co. raised its stake in shares of Schwab US Dividend Equity ETF by 200.0% in the 4th 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. raised its stake in shares of Schwab US Dividend Equity ETF by 205.8% in the 4th 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. Finally, Raymond James Financial Inc. acquired a new stake in shares of Schwab US Dividend Equity ETF in the 4th quarter valued at about $592,939,000.

Schwab US Dividend Equity ETF Stock Down 1.8%

Shares of NYSEARCA:SCHD opened at $26.01 on Thursday. Schwab US Dividend Equity ETF has a fifty-two week low of $23.87 and a fifty-two week high of $29.72. The firm has a 50-day simple moving average of $26.26 and a 200 day simple moving average of $27.49. The company has a market cap of $67.63 billion, a PE ratio of 15.01 and a beta of 0.82.

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.