Paces Ferry Wealth Advisors LLC Acquires 304,725 Shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Paces Ferry Wealth Advisors LLC increased its holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 245.7% in the fourth quarter, HoldingsChannel reports. The firm owned 428,730 shares of the company’s stock after purchasing an additional 304,725 shares during the period. Schwab US Dividend Equity ETF accounts for approximately 5.7% of Paces Ferry Wealth Advisors LLC’s portfolio, making the stock its 4th biggest holding. Paces Ferry Wealth Advisors LLC’s holdings in Schwab US Dividend Equity ETF were worth $11,713,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of SCHD. Central Pacific Bank Trust Division increased its holdings in shares of Schwab US Dividend Equity ETF by 200.0% during the 4th quarter. Central Pacific Bank Trust Division now owns 906 shares of the company’s stock valued at $25,000 after acquiring an additional 604 shares during the last quarter. Hoese & Co LLP acquired a new position in Schwab US Dividend Equity ETF in the 4th quarter valued at $26,000. Moisand Fitzgerald Tamayo LLC grew its stake in Schwab US Dividend Equity ETF by 294.3% in the 4th quarter. Moisand Fitzgerald Tamayo LLC now owns 1,041 shares of the company’s stock valued at $28,000 after buying an additional 777 shares during the last quarter. PFG Private Wealth Management LLC raised its holdings in Schwab US Dividend Equity ETF by 200.0% in the 4th 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 lifted its position in Schwab US Dividend Equity ETF by 184.4% during the 4th 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 last quarter.

Schwab US Dividend Equity ETF Stock Performance

Shares of NYSEARCA:SCHD opened at $27.76 on Friday. Schwab US Dividend Equity ETF has a 52-week low of $25.18 and a 52-week high of $29.72. The company has a market cap of $68.84 billion, a P/E ratio of 17.56 and a beta of 0.86. The stock’s 50-day moving average is $27.95 and its 200-day moving average is $28.13.

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.