N.E.W. Advisory Services LLC Buys 7,401 Shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

N.E.W. Advisory Services LLC increased its stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 218.8% during the fourth quarter, Holdings Channel.com reports. The fund owned 10,784 shares of the company’s stock after buying an additional 7,401 shares during the period. N.E.W. Advisory Services LLC’s holdings in Schwab US Dividend Equity ETF were worth $295,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in SCHD. AQR Capital Management LLC bought a new position in Schwab US Dividend Equity ETF during the second quarter worth $879,000. Massmutual Trust Co. FSB ADV grew its holdings in Schwab US Dividend Equity ETF by 29.9% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 1,689 shares of the company’s stock worth $143,000 after acquiring an additional 389 shares during the period. Silvia Mccoll Wealth Management LLC raised its position in shares of Schwab US Dividend Equity ETF by 11.2% in the 3rd quarter. Silvia Mccoll Wealth Management LLC now owns 232,010 shares of the company’s stock worth $19,612,000 after acquiring an additional 23,406 shares in the last quarter. Curbstone Financial Management Corp lifted its stake in shares of Schwab US Dividend Equity ETF by 4.4% in the 3rd quarter. Curbstone Financial Management Corp now owns 130,322 shares of the company’s stock valued at $11,016,000 after purchasing an additional 5,550 shares during the period. Finally, Trinity Financial Advisors LLC boosted its position in shares of Schwab US Dividend Equity ETF by 8.0% during the 3rd quarter. Trinity Financial Advisors LLC now owns 137,837 shares of the company’s stock valued at $11,651,000 after purchasing an additional 10,173 shares in the last quarter.

Schwab US Dividend Equity ETF Stock Performance

Shares of SCHD stock opened at $27.83 on Friday. Schwab US Dividend Equity ETF has a fifty-two week low of $25.16 and a fifty-two week high of $29.72. The stock has a 50 day simple moving average of $28.05 and a two-hundred day simple moving average of $27.94. The company has a market cap of $19.52 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.