Asset Advisors Investment Management LLC Grows Stock Position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Asset Advisors Investment Management LLC grew its stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 187.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,836,535 shares of the company’s stock after purchasing an additional 1,850,417 shares during the period. Schwab US Dividend Equity ETF comprises approximately 8.1% of Asset Advisors Investment Management LLC’s investment portfolio, making the stock its largest position. Asset Advisors Investment Management LLC owned 0.40% of Schwab US Dividend Equity ETF worth $77,494,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in SCHD. O ROURKE & COMPANY Inc boosted its position in Schwab US Dividend Equity ETF by 5.7% during the 3rd quarter. O ROURKE & COMPANY Inc now owns 6,738 shares of the company’s stock worth $570,000 after buying an additional 366 shares during the period. Kennebec Savings Bank bought a new position in shares of Schwab US Dividend Equity ETF during the third quarter valued at $31,000. Galvin Gaustad & Stein LLC lifted its holdings in shares of Schwab US Dividend Equity ETF by 2.1% during the third quarter. Galvin Gaustad & Stein LLC now owns 17,987 shares of the company’s stock worth $1,520,000 after purchasing an additional 377 shares during the period. Phillips Financial Management LLC grew its stake in shares of Schwab US Dividend Equity ETF by 144.8% in 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. Finally, Carmichael Hill & Associates Inc. grew its position in shares of Schwab US Dividend Equity ETF by 1.9% in the 3rd quarter. Carmichael Hill & Associates Inc. now owns 21,086 shares of the company’s stock valued at $1,782,000 after buying an additional 394 shares during the last quarter.

Schwab US Dividend Equity ETF Stock Performance

NYSEARCA:SCHD opened at $28.21 on Monday. Schwab US Dividend Equity ETF has a fifty-two week low of $25.18 and a fifty-two week high of $29.72. The company has a 50 day simple moving average of $27.69 and a two-hundred day simple moving average of $28.05. The company has a market capitalization of $69.11 billion, a PE ratio of 17.48 and a beta of 0.88.

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.