Schwab US Dividend Equity ETF $SCHD Position Raised by Powers Advisory Group LLC

Powers Advisory Group LLC boosted its position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 6.7% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 683,687 shares of the company’s stock after buying an additional 43,125 shares during the quarter. Schwab US Dividend Equity ETF makes up 7.4% of Powers Advisory Group LLC’s holdings, making the stock its 2nd biggest position. Powers Advisory Group LLC’s holdings in Schwab US Dividend Equity ETF were worth $20,976,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Next Level Wealth Planning LLC increased its holdings in Schwab US Dividend Equity ETF by 1.7% in the 1st quarter. Next Level Wealth Planning LLC now owns 438,252 shares of the company’s stock worth $13,446,000 after acquiring an additional 7,350 shares in the last quarter. Welch Group LLC purchased a new position in Schwab US Dividend Equity ETF during the first quarter valued at $206,000. Retirement Planning Group LLC NY lifted its holdings in Schwab US Dividend Equity ETF by 16.4% during the first quarter. Retirement Planning Group LLC NY now owns 199,796 shares of the company’s stock valued at $6,130,000 after purchasing an additional 28,167 shares in the last quarter. Compass Advisory Group LLC grew its position in shares of Schwab US Dividend Equity ETF by 11.2% in the first quarter. Compass Advisory Group LLC now owns 14,053 shares of the company’s stock valued at $431,000 after purchasing an additional 1,419 shares during the period. Finally, Unique Wealth LLC grew its position in shares of Schwab US Dividend Equity ETF by 33.4% in the first quarter. Unique Wealth LLC now owns 17,148 shares of the company’s stock valued at $526,000 after purchasing an additional 4,294 shares during the period.

Schwab US Dividend Equity ETF Price Performance

Shares of Schwab US Dividend Equity ETF stock opened at $32.09 on Friday. The stock has a market capitalization of $91.09 billion, a P/E ratio of 14.57 and a beta of 0.67. The business has a 50 day simple moving average of $31.96 and a two-hundred day simple moving average of $30.56. Schwab US Dividend Equity ETF has a 12 month low of $26.21 and a 12 month high of $32.92.

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.