Sheaff Brock Investment Advisors LLC Purchases 37,112 Shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Sheaff Brock Investment Advisors LLC raised its position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 219.9% during the fourth quarter, HoldingsChannel.com reports. The firm owned 53,988 shares of the company’s stock after purchasing an additional 37,112 shares during the period. Sheaff Brock Investment Advisors LLC’s holdings in Schwab US Dividend Equity ETF were worth $1,475,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in SCHD. Kennebec Savings Bank purchased a new position in Schwab US Dividend Equity ETF in the 3rd quarter worth about $31,000. Legacy Investment Solutions LLC purchased a new position in shares of Schwab US Dividend Equity ETF during the third quarter worth approximately $34,000. Barrett & Company Inc. bought a new stake in shares of Schwab US Dividend Equity ETF during the third quarter valued at approximately $34,000. Cassady Schiller Wealth Management LLC purchased a new stake in shares of Schwab US Dividend Equity ETF in the 3rd quarter worth $38,000. Finally, Phillips Financial Management LLC raised its holdings in shares of 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 purchasing an additional 391 shares in the last quarter.

Schwab US Dividend Equity ETF Price Performance

Shares of NYSEARCA SCHD opened at $27.79 on Friday. Schwab US Dividend Equity ETF has a 1-year low of $25.18 and a 1-year high of $29.72. The business has a fifty day moving average price of $27.72 and a 200 day moving average price of $28.00. The stock has a market capitalization of $19.49 billion, a P/E ratio of 15.04 and a beta of 0.74.

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.