BlueChip Wealth Advisors LLC Takes $8.39 Million Position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

BlueChip Wealth Advisors LLC acquired a new stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 110,229 shares of the company’s stock, valued at approximately $8,392,000. Schwab US Dividend Equity ETF comprises approximately 5.9% of BlueChip Wealth Advisors LLC’s investment portfolio, making the stock its 4th largest position.

Other hedge funds have also recently made changes to their positions in the company. PNC Financial Services Group Inc. increased its holdings in Schwab US Dividend Equity ETF by 8.6% during the third quarter. PNC Financial Services Group Inc. now owns 49,326 shares of the company’s stock valued at $3,490,000 after buying an additional 3,888 shares during the last quarter. Financial Engines Advisors L.L.C. increased its holdings in Schwab US Dividend Equity ETF by 11.4% during the third quarter. Financial Engines Advisors L.L.C. now owns 11,867 shares of the company’s stock valued at $840,000 after buying an additional 1,217 shares during the last quarter. WCG Wealth Advisors LLC purchased a new stake in Schwab US Dividend Equity ETF during the third quarter valued at approximately $957,000. Envestnet Portfolio Solutions Inc. purchased a new stake in Schwab US Dividend Equity ETF during the third quarter valued at approximately $3,657,000. Finally, Envestnet Asset Management Inc. increased its holdings in Schwab US Dividend Equity ETF by 2.6% during the third quarter. Envestnet Asset Management Inc. now owns 5,778,626 shares of the company’s stock valued at $408,896,000 after buying an additional 145,168 shares during the last quarter.

Schwab US Dividend Equity ETF Trading Up 0.7 %

SCHD stock traded up $0.52 during midday trading on Monday, reaching $77.31. 3,080,327 shares of the company’s stock traded hands, compared to its average volume of 3,333,905. Schwab US Dividend Equity ETF has a 52-week low of $66.67 and a 52-week high of $80.82. The stock has a market cap of $54.23 billion, a P/E ratio of 15.04 and a beta of 0.74. The stock’s 50-day moving average is $77.95 and its 200 day moving average is $77.31.

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.