MeadowBrook Investment Advisors LLC Has $202,000 Stock Position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

MeadowBrook Investment Advisors LLC lifted its stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 200.0% during the fourth quarter, Holdings Channel.com reports. The fund owned 7,407 shares of the company’s stock after buying an additional 4,938 shares during the period. MeadowBrook Investment Advisors LLC’s holdings in Schwab US Dividend Equity ETF were worth $202,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. TFB Advisors LLC boosted its holdings in shares of Schwab US Dividend Equity ETF by 252.6% during the fourth quarter. TFB Advisors LLC now owns 16,488 shares of the company’s stock worth $450,000 after acquiring an additional 11,812 shares during the period. Capital Advisors Inc. OK boosted its holdings in shares of Schwab US Dividend Equity ETF by 211.5% during the fourth quarter. Capital Advisors Inc. OK now owns 42,373 shares of the company’s stock worth $1,158,000 after acquiring an additional 28,769 shares during the period. Certuity LLC boosted its holdings in shares of Schwab US Dividend Equity ETF by 316.5% during the fourth quarter. Certuity LLC now owns 13,586 shares of the company’s stock worth $371,000 after acquiring an additional 10,324 shares during the period. Indiana Trust & Investment Management Co boosted its holdings in shares of Schwab US Dividend Equity ETF by 88.1% during the fourth quarter. Indiana Trust & Investment Management Co now owns 1,747 shares of the company’s stock worth $48,000 after acquiring an additional 818 shares during the period. Finally, SRH Advisors LLC boosted its holdings in shares of Schwab US Dividend Equity ETF by 199.1% during the fourth quarter. SRH Advisors LLC now owns 980,424 shares of the company’s stock worth $26,785,000 after acquiring an additional 652,681 shares during the period.

Schwab US Dividend Equity ETF Stock Up 0.7 %

Shares of NYSEARCA:SCHD opened at $27.87 on Wednesday. The stock has a market cap of $19.55 billion, a PE ratio of 15.04 and a beta of 0.74. The business has a 50 day moving average of $27.81 and a 200-day moving average of $27.99. 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.