Schwab US Dividend Equity ETF (NYSEARCA:SCHD) Shares Bought by MMA Asset Management LLC

MMA Asset Management LLC grew its stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 203.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,350 shares of the company’s stock after purchasing an additional 4,924 shares during the quarter. MMA Asset Management LLC’s holdings in Schwab US Dividend Equity ETF were worth $201,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of SCHD. First Trust Direct Indexing L.P. increased its position in shares of Schwab US Dividend Equity ETF by 21.0% during the third quarter. First Trust Direct Indexing L.P. now owns 10,073 shares of the company’s stock worth $851,000 after acquiring an additional 1,745 shares during the last quarter. JFS Wealth Advisors LLC increased its position in shares of Schwab US Dividend Equity ETF by 61.1% during the third quarter. JFS Wealth Advisors LLC now owns 1,548 shares of the company’s stock worth $131,000 after acquiring an additional 587 shares during the last quarter. Gladstone Institutional Advisory LLC increased its position in shares of Schwab US Dividend Equity ETF by 29.9% during the third quarter. Gladstone Institutional Advisory LLC now owns 39,099 shares of the company’s stock worth $3,305,000 after acquiring an additional 8,998 shares during the last quarter. Keystone Financial Planning Inc. increased its position in shares of Schwab US Dividend Equity ETF by 5.4% during the third quarter. Keystone Financial Planning Inc. now owns 1,858,898 shares of the company’s stock worth $157,133,000 after acquiring an additional 94,765 shares during the last quarter. Finally, Atlas Financial Advisors Inc. increased its position in shares of Schwab US Dividend Equity ETF by 24.7% during the third quarter. Atlas Financial Advisors Inc. now owns 5,451 shares of the company’s stock worth $461,000 after acquiring an additional 1,080 shares during the last quarter.

Schwab US Dividend Equity ETF Stock Performance

Shares of NYSEARCA SCHD opened at $28.54 on Friday. The firm has a market cap of $69.92 billion, a price-to-earnings ratio of 17.48 and a beta of 0.88. Schwab US Dividend Equity ETF has a 1 year low of $25.18 and a 1 year high of $29.72. The stock’s 50-day simple moving average is $27.78 and its 200-day simple moving average is $28.10.

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.