Kovack Advisors Inc. Has $1.42 Million Stock Position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Kovack Advisors Inc. grew its stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 1.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,600 shares of the company’s stock after acquiring an additional 281 shares during the period. Kovack Advisors Inc.’s holdings in Schwab US Dividend Equity ETF were worth $1,419,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the company. Voisard Asset Management Group Inc. bought a new position in Schwab US Dividend Equity ETF during the 4th quarter worth $29,000. Raleigh Capital Management Inc. bought a new position in Schwab US Dividend Equity ETF during the 3rd quarter worth $28,000. Westside Investment Management Inc. bought a new position in Schwab US Dividend Equity ETF during the 1st quarter worth $32,000. Signature Resources Capital Management LLC bought a new position in Schwab US Dividend Equity ETF during the 4th quarter worth $32,000. Finally, Bear Mountain Capital Inc. bought a new position in Schwab US Dividend Equity ETF during the 4th quarter worth $34,000.

Schwab US Dividend Equity ETF Price Performance

SCHD stock opened at $77.18 on Friday. The stock has a market capitalization of $54.14 billion, a price-to-earnings ratio of 15.04 and a beta of 0.74. The business’s fifty day moving average price is $78.09 and its two-hundred day moving average price is $77.64. Schwab US Dividend Equity ETF has a fifty-two week low of $66.67 and a fifty-two week high of $80.82.

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.