CapWealth Advisors LLC Grows Stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

CapWealth Advisors LLC boosted its stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 205.9% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 242,288 shares of the company’s stock after buying an additional 163,088 shares during the quarter. CapWealth Advisors LLC’s holdings in Schwab US Dividend Equity ETF were worth $6,619,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of SCHD. Kennebec Savings Bank acquired a new stake in Schwab US Dividend Equity ETF in the 3rd quarter valued at about $31,000. Legacy Investment Solutions LLC purchased a new position in Schwab US Dividend Equity ETF during the third quarter worth approximately $34,000. Barrett & Company Inc. acquired a new position in Schwab US Dividend Equity ETF during the third quarter worth $34,000. Cassady Schiller Wealth Management LLC purchased a new stake in Schwab US Dividend Equity ETF in the 3rd quarter valued at $38,000. Finally, Phillips Financial Management LLC raised its stake in Schwab US Dividend Equity ETF by 144.8% during the third quarter. Phillips Financial Management LLC now owns 661 shares of the company’s stock worth $56,000 after purchasing an additional 391 shares during the period.

Schwab US Dividend Equity ETF Stock Down 0.2 %

SCHD stock opened at $27.79 on Friday. The stock has a market cap of $19.49 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 $25.18 and a 52-week high of $29.72. The business has a fifty day moving average of $27.74 and a two-hundred day moving average of $27.99.

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.