HBK Sorce Advisory LLC Raises Position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

HBK Sorce Advisory LLC increased its stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 227.5% in the 4th quarter, Holdings Channel reports. The firm owned 257,509 shares of the company’s stock after buying an additional 178,873 shares during the period. HBK Sorce Advisory LLC’s holdings in Schwab US Dividend Equity ETF were worth $7,035,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Legacy Investment Solutions LLC purchased a new position 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 position in shares of Schwab US Dividend Equity ETF during the third quarter valued at approximately $38,000. Phillips Financial Management LLC raised its holdings in shares of Schwab US Dividend Equity ETF by 144.8% during the third quarter. Phillips Financial Management LLC now owns 661 shares of the company’s stock valued at $56,000 after purchasing an additional 391 shares during the last quarter. Hobbs Group Advisors LLC purchased a new position in shares of Schwab US Dividend Equity ETF during the third quarter valued at approximately $68,000. Finally, Prospera Private Wealth LLC bought a new stake in Schwab US Dividend Equity ETF during the third quarter valued at approximately $73,000.

Schwab US Dividend Equity ETF Trading Down 1.1 %

Shares of NYSEARCA SCHD opened at $27.44 on Thursday. The firm has a 50 day moving average of $27.88 and a 200 day moving average of $28.14. The firm has a market capitalization of $68.05 billion, a price-to-earnings ratio of 17.56 and a beta of 0.86. Schwab US Dividend Equity ETF has a 12-month low of $25.18 and a 12-month high of $29.72.

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.