Christensen King & Associates Investment Services Inc. Boosts Holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Christensen King & Associates Investment Services Inc. raised its position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 195.2% during the fourth quarter, Holdings Channel reports. The institutional investor owned 538,250 shares of the company’s stock after buying an additional 355,896 shares during the quarter. Schwab US Dividend Equity ETF makes up about 7.0% of Christensen King & Associates Investment Services Inc.’s investment portfolio, making the stock its 3rd biggest holding. Christensen King & Associates Investment Services Inc.’s holdings in Schwab US Dividend Equity ETF were worth $14,845,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Keystone Financial Planning Inc. increased its stake in Schwab US Dividend Equity ETF by 188.6% during the 4th quarter. Keystone Financial Planning Inc. now owns 5,365,627 shares of the company’s stock worth $146,589,000 after purchasing an additional 3,506,729 shares in the last quarter. Wulff Hansen & CO. increased its position in shares of Schwab US Dividend Equity ETF by 8,405.3% during the second quarter. Wulff Hansen & CO. now owns 1,455,434 shares of the company’s stock worth $113,175,000 after acquiring an additional 1,438,322 shares in the last quarter. Burkett Financial Services LLC raised its holdings in shares of Schwab US Dividend Equity ETF by 201.1% during the fourth quarter. Burkett Financial Services LLC now owns 1,542,139 shares of the company’s stock worth $42,131,000 after acquiring an additional 1,030,031 shares during the period. Noble Family Wealth LLC boosted its stake in Schwab US Dividend Equity ETF by 215.4% in the 4th quarter. Noble Family Wealth LLC now owns 1,202,238 shares of the company’s stock worth $32,737,000 after purchasing an additional 821,050 shares during the period. Finally, Sanctuary Advisors LLC increased its holdings in Schwab US Dividend Equity ETF by 209.1% during the 3rd quarter. Sanctuary Advisors LLC now owns 912,589 shares of the company’s stock worth $77,141,000 after purchasing an additional 617,308 shares in the last quarter.

Schwab US Dividend Equity ETF Stock Performance

Shares of SCHD stock opened at $27.30 on Tuesday. The firm’s 50-day moving average is $28.27 and its 200-day moving average is $27.78. The stock has a market cap of $19.15 billion, a price-to-earnings ratio of 15.04 and a beta of 0.74. Schwab US Dividend Equity ETF has a 52-week low of $24.97 and a 52-week high of $29.72.

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.