Duncan Williams Asset Management LLC Boosts Holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Duncan Williams Asset Management LLC grew its position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 226.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 948,172 shares of the company’s stock after acquiring an additional 658,082 shares during the period. Schwab US Dividend Equity ETF comprises about 10.2% of Duncan Williams Asset Management LLC’s portfolio, making the stock its 2nd largest holding. Duncan Williams Asset Management LLC owned 0.14% of Schwab US Dividend Equity ETF worth $25,904,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Precedent Wealth Partners LLC lifted its holdings in Schwab US Dividend Equity ETF by 170.2% during the 4th quarter. Precedent Wealth Partners LLC now owns 22,917 shares of the company’s stock valued at $626,000 after purchasing an additional 14,435 shares during the last quarter. AlphaMark Advisors LLC boosted its holdings in shares of Schwab US Dividend Equity ETF by 209.5% during the 4th quarter. AlphaMark Advisors LLC now owns 13,269 shares of the company’s stock worth $363,000 after buying an additional 8,982 shares during the period. Alpha Financial Advisors LLC bought a new position in Schwab US Dividend Equity ETF in the 4th quarter valued at about $290,000. Patton Albertson Miller Group LLC lifted its position in Schwab US Dividend Equity ETF by 195.5% during the fourth quarter. Patton Albertson Miller Group LLC now owns 20,001 shares of the company’s stock worth $546,000 after acquiring an additional 13,233 shares during the last quarter. Finally, Merkkuri Wealth Advisors LLC boosted its holdings in shares of Schwab US Dividend Equity ETF by 209.3% during the fourth quarter. Merkkuri Wealth Advisors LLC now owns 375,023 shares of the company’s stock worth $10,246,000 after acquiring an additional 253,768 shares during the period.

Schwab US Dividend Equity ETF Stock Down 0.1 %

NYSEARCA SCHD opened at $28.07 on Friday. Schwab US Dividend Equity ETF has a 12-month low of $25.16 and a 12-month high of $29.72. The firm has a 50-day moving average price of $28.10 and a two-hundred day moving average price of $27.90. The company has a market capitalization of $19.69 billion, a P/E ratio of 15.04 and a beta of 0.74.

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.