Balentine LLC Has $94,000 Stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Balentine LLC raised its stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 200.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,444 shares of the company’s stock after buying an additional 2,296 shares during the period. Balentine LLC’s holdings in Schwab US Dividend Equity ETF were worth $94,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Latitude Advisors LLC raised its stake in shares of Schwab US Dividend Equity ETF by 236.7% in the 4th quarter. Latitude Advisors LLC now owns 62,140 shares of the company’s stock valued at $1,698,000 after acquiring an additional 43,682 shares in the last quarter. Sovran Advisors LLC acquired a new position in Schwab US Dividend Equity ETF during the fourth quarter valued at approximately $3,405,000. Stonebridge Financial Group LLC acquired a new position in Schwab US Dividend Equity ETF during the fourth quarter valued at approximately $130,000. Bonfire Financial bought a new position in shares of Schwab US Dividend Equity ETF in the fourth quarter valued at approximately $763,000. Finally, Essex Financial Services Inc. lifted its stake in shares of Schwab US Dividend Equity ETF by 2.0% in the fourth quarter. Essex Financial Services Inc. now owns 56,462 shares of the company’s stock worth $1,543,000 after buying an additional 1,127 shares during the last quarter.

Schwab US Dividend Equity ETF Trading Up 0.4 %

NYSEARCA:SCHD opened at $27.68 on Tuesday. The firm has a market capitalization of $19.42 billion, a PE ratio of 15.04 and a beta of 0.74. Schwab US Dividend Equity ETF has a 1 year low of $25.16 and a 1 year high of $29.72. The firm’s fifty day simple moving average is $27.85 and its 200 day simple moving average is $27.99.

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.