Institute for Wealth Management LLC. Increases Position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Institute for Wealth Management LLC. boosted its holdings in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 219.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,286 shares of the company’s stock after acquiring an additional 22,167 shares during the period. Institute for Wealth Management LLC.’s holdings in Schwab US Dividend Equity ETF were worth $882,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Kennebec Savings Bank grew its stake in Schwab US Dividend Equity ETF by 248.2% during the 4th quarter. Kennebec Savings Bank now owns 1,292 shares of the company’s stock valued at $35,000 after acquiring an additional 921 shares in the last quarter. AA Financial Advisors LLC grew its stake in shares of Schwab US Dividend Equity ETF by 202.2% in the 4th quarter. AA Financial Advisors LLC now owns 16,964 shares of the company’s stock valued at $463,000 after buying an additional 11,350 shares during the period. Hunter Associates Investment Management LLC grew its stake in shares of Schwab US Dividend Equity ETF by 238.2% in the 4th quarter. Hunter Associates Investment Management LLC now owns 700,714 shares of the company’s stock valued at $19,130,000 after buying an additional 493,551 shares during the period. Heritage Financial Services LLC purchased a new stake in shares of Schwab US Dividend Equity ETF in the 4th quarter valued at approximately $217,000. Finally, Strategic Advocates LLC grew its stake in shares of Schwab US Dividend Equity ETF by 53.4% in the 4th quarter. Strategic Advocates LLC now owns 15,361 shares of the company’s stock valued at $420,000 after buying an additional 5,347 shares during the period.

Schwab US Dividend Equity ETF Price Performance

Schwab US Dividend Equity ETF stock opened at $27.83 on Friday. The firm has a 50 day simple moving average of $28.05 and a 200-day simple moving average of $27.94. Schwab US Dividend Equity ETF has a 1-year low of $25.16 and a 1-year high of $29.72. The stock has a market cap of $19.52 billion, a price-to-earnings ratio of 15.04 and a beta of 0.74.

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.