Manning & Napier Advisors LLC Has $20.73 Million Stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Manning & Napier Advisors LLC raised its stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 188.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 758,594 shares of the company’s stock after buying an additional 495,613 shares during the quarter. Manning & Napier Advisors LLC owned about 0.11% of Schwab US Dividend Equity ETF worth $20,725,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Squarepoint Ops LLC grew its position in shares of Schwab US Dividend Equity ETF by 16.7% in the 2nd quarter. Squarepoint Ops LLC now owns 51,222 shares of the company’s stock valued at $3,983,000 after purchasing an additional 7,342 shares during the period. AQR Capital Management LLC acquired a new position in shares of Schwab US Dividend Equity ETF in the second quarter valued at approximately $879,000. Ascent Group LLC increased its position in shares of Schwab US Dividend Equity ETF by 1.2% during the second quarter. Ascent Group LLC now owns 12,091 shares of the company’s stock worth $940,000 after acquiring an additional 145 shares in the last quarter. EP Wealth Advisors LLC increased its position in shares of Schwab US Dividend Equity ETF by 12.0% during the second quarter. EP Wealth Advisors LLC now owns 60,935 shares of the company’s stock worth $4,738,000 after acquiring an additional 6,548 shares in the last quarter. Finally, Next Capital Management LLC raised its holdings in shares of Schwab US Dividend Equity ETF by 5.9% during the second quarter. Next Capital Management LLC now owns 5,356 shares of the company’s stock worth $416,000 after acquiring an additional 297 shares during the period.

Schwab US Dividend Equity ETF Stock Performance

SCHD traded up $0.14 on Wednesday, hitting $28.21. 2,734,248 shares of the company were exchanged, compared to its average volume of 15,456,114. The stock’s fifty day moving average is $28.08 and its 200-day moving average is $27.94. The company has a market cap of $19.79 billion, a PE ratio of 15.04 and a beta of 0.74. Schwab US Dividend Equity ETF has a 12 month low of $25.16 and a 12 month high of $29.72.

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.