Midland Wealth Advisors LLC Increases Stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Midland Wealth Advisors LLC raised its holdings in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 198.3% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 18,736 shares of the company’s stock after purchasing an additional 12,455 shares during the quarter. Midland Wealth Advisors LLC’s holdings in Schwab US Dividend Equity ETF were worth $512,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Kennebec Savings Bank acquired a new position in Schwab US Dividend Equity ETF in the third quarter valued at approximately $31,000. Legacy Investment Solutions LLC purchased a new position in Schwab US Dividend Equity ETF during the 3rd quarter valued at about $34,000. Cassady Schiller Wealth Management LLC acquired a new position in shares of Schwab US Dividend Equity ETF in the third quarter valued at approximately $38,000. Phillips Financial Management LLC boosted its position in Schwab US Dividend Equity ETF by 144.8% in the 3rd quarter. Phillips Financial Management LLC now owns 661 shares of the company’s stock valued at $56,000 after buying an additional 391 shares during the period. Finally, Hobbs Group Advisors LLC purchased a new stake in shares of Schwab US Dividend Equity ETF during the third quarter worth approximately $68,000.

Schwab US Dividend Equity ETF Stock Performance

NYSEARCA:SCHD opened at $28.46 on Monday. Schwab US Dividend Equity ETF has a 1 year low of $25.18 and a 1 year high of $29.72. The stock has a market cap of $69.73 billion, a P/E ratio of 17.56 and a beta of 0.88. The stock has a 50-day simple moving average of $27.85 and a 200-day simple moving average of $28.13.

Schwab US Dividend Equity ETF Company 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.