Millennium Capital Advisors LLC Invests $2.41 Million in Schwab US Dividend Equity ETF $SCHD

Millennium Capital Advisors LLC bought a new position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 88,019 shares of the company’s stock, valued at approximately $2,414,000. Schwab US Dividend Equity ETF accounts for approximately 1.4% of Millennium Capital Advisors LLC’s investment portfolio, making the stock its 14th largest holding.

A number of other large investors have also added to or reduced their stakes in the stock. First Command Advisory Services Inc. boosted its holdings in shares of Schwab US Dividend Equity ETF by 7.6% in the 3rd quarter. First Command Advisory Services Inc. now owns 1,107,033 shares of the company’s stock valued at $30,222,000 after purchasing an additional 77,785 shares in the last quarter. BG Investment Services Inc. boosted its holdings in shares of Schwab US Dividend Equity ETF by 82.8% during the 3rd quarter. BG Investment Services Inc. now owns 62,076 shares of the company’s stock valued at $1,695,000 after acquiring an additional 28,109 shares in the last quarter. Insight Inv LLC acquired a new stake in shares of Schwab US Dividend Equity ETF during the 3rd quarter valued at $682,000. JPMorgan Chase & Co. boosted its holdings in shares of Schwab US Dividend Equity ETF by 2.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,616,851 shares of the company’s stock valued at $126,040,000 after acquiring an additional 95,857 shares in the last quarter. Finally, Elmwood Wealth Management Inc. acquired a new stake in shares of Schwab US Dividend Equity ETF during the 4th quarter valued at $1,003,000.

Schwab US Dividend Equity ETF Stock Down 0.3%

NYSEARCA SCHD opened at $31.72 on Friday. Schwab US Dividend Equity ETF has a twelve month low of $25.69 and a twelve month high of $32.13. The company has a market cap of $90.04 billion, a price-to-earnings ratio of 14.57 and a beta of 0.68. The business’s fifty day moving average is $31.01 and its 200 day moving average is $29.46.

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.