Evergreen Advisors LLC raised its position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD – Free Report) by 2.2% in the first quarter, HoldingsChannel reports. The fund owned 1,551,080 shares of the company’s stock after purchasing an additional 33,402 shares during the quarter. Schwab US Dividend Equity ETF makes up approximately 11.2% of Evergreen Advisors LLC’s holdings, making the stock its 4th largest holding. Evergreen Advisors LLC’s holdings in Schwab US Dividend Equity ETF were worth $47,587,000 as of its most recent SEC filing.
Other institutional investors also recently modified their holdings of the company. Cassaday & Co Wealth Management LLC grew its position in Schwab US Dividend Equity ETF by 52.2% in the 4th quarter. Cassaday & Co Wealth Management LLC now owns 9,244,248 shares of the company’s stock valued at $253,570,000 after purchasing an additional 3,170,728 shares during the period. Paradiem LLC bought a new stake in Schwab US Dividend Equity ETF during the 1st quarter valued at $56,258,000. Cibc World Market Inc. raised its holdings in Schwab US Dividend Equity ETF by 31.8% during the fourth quarter. Cibc World Market Inc. now owns 7,022,759 shares of the company’s stock worth $192,634,000 after buying an additional 1,694,144 shares during the last quarter. Keudell Morrison Wealth Management acquired a new position in Schwab US Dividend Equity ETF during the fourth quarter worth $43,773,000. Finally, Baer Investment Advisory LLC bought a new position in shares of Schwab US Dividend Equity ETF in the first quarter valued at $46,847,000.
Schwab US Dividend Equity ETF Price Performance
Shares of NYSEARCA SCHD opened at $32.34 on Thursday. The stock has a market capitalization of $98.42 billion, a P/E ratio of 14.57 and a beta of 0.68. The company has a 50-day moving average price of $32.20 and a 200-day moving average price of $31.01. Schwab US Dividend Equity ETF has a 1 year low of $26.21 and a 1 year high of $32.92.
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.
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