Scott Capital Advisors LLC Purchases 15,608 Shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Scott Capital Advisors LLC boosted its position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 3.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 511,249 shares of the company’s stock after buying an additional 15,608 shares during the quarter. Schwab US Dividend Equity ETF accounts for approximately 12.4% of Scott Capital Advisors LLC’s holdings, making the stock its 2nd biggest holding. Scott Capital Advisors LLC’s holdings in Schwab US Dividend Equity ETF were worth $40,670,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in SCHD. Sumitomo Life Insurance Co. acquired a new stake in Schwab US Dividend Equity ETF during the fourth quarter worth about $228,390,000. Focus Financial Network Inc. ADV acquired a new stake in shares of Schwab US Dividend Equity ETF in the fourth quarter valued at approximately $95,831,000. International Assets Investment Management LLC acquired a new stake in shares of Schwab US Dividend Equity ETF in the fourth quarter valued at approximately $89,561,000. DDD Partners LLC increased its stake in shares of Schwab US Dividend Equity ETF by 12,161.9% in the fourth quarter. DDD Partners LLC now owns 488,148 shares of the company’s stock valued at $37,163,000 after purchasing an additional 484,167 shares during the period. Finally, Burkett Financial Services LLC acquired a new stake in shares of Schwab US Dividend Equity ETF in the fourth quarter valued at approximately $36,856,000.

Schwab US Dividend Equity ETF Trading Up 0.6 %

Shares of NYSEARCA:SCHD opened at $77.76 on Monday. The firm’s 50 day moving average is $78.12 and its two-hundred day moving average is $77.62. Schwab US Dividend Equity ETF has a 52 week low of $66.67 and a 52 week high of $80.82. The firm has a market capitalization of $54.55 billion, a P/E ratio of 15.04 and a beta of 0.74.

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.