Miracle Mile Advisors LLC Buys 98,199 Shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Miracle Mile Advisors LLC boosted its position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 119.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 180,316 shares of the company’s stock after buying an additional 98,199 shares during the quarter. Miracle Mile Advisors LLC’s holdings in Schwab US Dividend Equity ETF were worth $4,926,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in SCHD. LPL Financial LLC lifted its position in Schwab US Dividend Equity ETF by 3.1% during the third quarter. LPL Financial LLC now owns 11,531,390 shares of the company’s stock valued at $974,748,000 after purchasing an additional 350,872 shares in the last quarter. Keystone Financial Planning Inc. boosted its holdings in Schwab US Dividend Equity ETF by 188.6% in the 4th quarter. Keystone Financial Planning Inc. now owns 5,365,627 shares of the company’s stock worth $146,589,000 after buying an additional 3,506,729 shares during the period. Commonwealth Equity Services LLC grew its position in shares of Schwab US Dividend Equity ETF by 7.5% during the third quarter. Commonwealth Equity Services LLC now owns 4,281,892 shares of the company’s stock worth $361,948,000 after purchasing an additional 297,674 shares in the last quarter. Orgel Wealth Management LLC raised its stake in Schwab US Dividend Equity ETF by 1.7% during the 3rd quarter. Orgel Wealth Management LLC now owns 4,257,335 shares of the company’s stock valued at $359,873,000 after purchasing an additional 70,852 shares during the period. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in Schwab US Dividend Equity ETF by 2.9% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 3,629,338 shares of the company’s stock worth $306,788,000 after purchasing an additional 101,637 shares during the period.

Schwab US Dividend Equity ETF Stock Up 1.1 %

NYSEARCA SCHD traded up $0.29 during trading on Monday, hitting $27.30. 17,793,006 shares of the stock traded hands, compared to its average volume of 17,316,633. The company has a market capitalization of $19.15 billion, a P/E ratio of 15.04 and a beta of 0.74. The firm has a 50-day simple moving average of $28.29 and a 200-day simple moving average of $27.77. Schwab US Dividend Equity ETF has a 12-month low of $24.97 and a 12-month high of $29.72.

Schwab US Dividend Equity ETF 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.