ProVise Management Group LLC Grows Stock Position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

ProVise Management Group LLC lifted its stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 165.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 141,866 shares of the company’s stock after purchasing an additional 88,383 shares during the quarter. ProVise Management Group LLC’s holdings in Schwab US Dividend Equity ETF were worth $3,876,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. Phillips Financial Management LLC raised its stake in shares of 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 last quarter. Legacy Investment Solutions LLC purchased a new position in Schwab US Dividend Equity ETF in the third quarter worth $34,000. Anchor Investment Management LLC raised its position in Schwab US Dividend Equity ETF by 1.1% in the third quarter. Anchor Investment Management LLC now owns 38,517 shares of the company’s stock worth $3,256,000 after acquiring an additional 428 shares in the last quarter. Stonebridge Financial Planning Group LLC raised its position in Schwab US Dividend Equity ETF by 1.7% in the third quarter. Stonebridge Financial Planning Group LLC now owns 25,276 shares of the company’s stock worth $2,137,000 after acquiring an additional 430 shares in the last quarter. Finally, Bernardo Wealth Planning LLC raised its position in Schwab US Dividend Equity ETF by 3.8% in the fourth quarter. Bernardo Wealth Planning LLC now owns 13,546 shares of the company’s stock worth $366,000 after acquiring an additional 498 shares in the last quarter.

Schwab US Dividend Equity ETF Stock Performance

NYSEARCA:SCHD opened at $27.92 on Wednesday. The stock has a fifty day moving average price of $27.91 and a two-hundred day moving average price of $28.13. The stock has a market capitalization of $69.24 billion, a price-to-earnings ratio of 17.56 and a beta of 0.86. Schwab US Dividend Equity ETF has a 1 year low of $25.18 and a 1 year high of $29.72.

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.