Sound View Wealth Advisors Group LLC Acquires 433,044 Shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Sound View Wealth Advisors Group LLC grew its holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 217.0% in the fourth quarter, Holdings Channel reports. The firm owned 632,566 shares of the company’s stock after buying an additional 433,044 shares during the quarter. Schwab US Dividend Equity ETF accounts for about 1.4% of Sound View Wealth Advisors Group LLC’s portfolio, making the stock its 16th biggest position. Sound View Wealth Advisors Group LLC’s holdings in Schwab US Dividend Equity ETF were worth $17,282,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of SCHD. Central Pacific Bank Trust Division grew its holdings in shares of Schwab US Dividend Equity ETF by 200.0% in the fourth quarter. Central Pacific Bank Trust Division now owns 906 shares of the company’s stock worth $25,000 after acquiring an additional 604 shares during the period. Hoese & Co LLP bought a new stake in shares of Schwab US Dividend Equity ETF in the fourth quarter worth $26,000. Moisand Fitzgerald Tamayo LLC grew its holdings in shares of Schwab US Dividend Equity ETF by 294.3% in the fourth quarter. Moisand Fitzgerald Tamayo LLC now owns 1,041 shares of the company’s stock worth $28,000 after acquiring an additional 777 shares during the period. PFG Private Wealth Management LLC grew its holdings in shares of Schwab US Dividend Equity ETF by 200.0% in the fourth quarter. PFG Private Wealth Management LLC now owns 1,029 shares of the company’s stock worth $28,000 after acquiring an additional 686 shares during the period. Finally, IFS Advisors LLC grew its holdings in shares of Schwab US Dividend Equity ETF by 184.4% in the fourth quarter. IFS Advisors LLC now owns 1,078 shares of the company’s stock worth $29,000 after acquiring an additional 699 shares during the period.

Schwab US Dividend Equity ETF Stock Performance

NYSEARCA SCHD opened at $28.46 on Friday. The company has a market capitalization of $69.73 billion, a PE ratio of 17.56 and a beta of 0.88. The business’s fifty day moving average is $27.85 and its 200 day moving average is $28.13. Schwab US Dividend Equity ETF has a fifty-two week low of $25.18 and a fifty-two week 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.