Schwab US Dividend Equity ETF $SCHD Stock Position Increased by MJT & Associates Financial Advisory Group Inc.

MJT & Associates Financial Advisory Group Inc. boosted its stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 29.4% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 758,396 shares of the company’s stock after buying an additional 172,335 shares during the period. Schwab US Dividend Equity ETF makes up about 16.8% of MJT & Associates Financial Advisory Group Inc.’s investment portfolio, making the stock its 3rd largest holding. MJT & Associates Financial Advisory Group Inc.’s holdings in Schwab US Dividend Equity ETF were worth $20,704,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the stock. Brighton Jones LLC grew its stake in shares of Schwab US Dividend Equity ETF by 404.6% in the fourth quarter. Brighton Jones LLC now owns 105,089 shares of the company’s stock worth $2,871,000 after acquiring an additional 84,262 shares during the last quarter. Revolve Wealth Partners LLC boosted its stake in Schwab US Dividend Equity ETF by 206.9% in the 4th quarter. Revolve Wealth Partners LLC now owns 76,685 shares of the company’s stock worth $2,095,000 after purchasing an additional 51,696 shares in the last quarter. Bison Wealth LLC grew its position in Schwab US Dividend Equity ETF by 234.4% during the 4th quarter. Bison Wealth LLC now owns 441,394 shares of the company’s stock valued at $12,059,000 after purchasing an additional 309,400 shares during the last quarter. Russell Investments Group Ltd. grew its position in Schwab US Dividend Equity ETF by 46.4% during the 1st quarter. Russell Investments Group Ltd. now owns 33,274 shares of the company’s stock valued at $930,000 after purchasing an additional 10,542 shares during the last quarter. Finally, Synovus Financial Corp increased its stake in Schwab US Dividend Equity ETF by 2.2% during the 1st quarter. Synovus Financial Corp now owns 90,297 shares of the company’s stock valued at $2,525,000 after purchasing an additional 1,911 shares in the last quarter.

Schwab US Dividend Equity ETF Stock Performance

Shares of Schwab US Dividend Equity ETF stock opened at $27.54 on Wednesday. The company has a 50-day simple moving average of $27.17 and a two-hundred day simple moving average of $27.17. The stock has a market capitalization of $71.21 billion, a PE ratio of 14.57 and a beta of 0.77. Schwab US Dividend Equity ETF has a 52-week low of $23.87 and a 52-week high of $28.84.

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.