Centennial Advisors LLC Makes New $2.16 Million Investment in Schwab US Dividend Equity ETF $SCHD

Centennial Advisors LLC purchased a new position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 78,569 shares of the company’s stock, valued at approximately $2,155,000. Schwab US Dividend Equity ETF makes up approximately 2.8% of Centennial Advisors LLC’s portfolio, making the stock its 11th biggest holding.

Several other large investors also recently modified their holdings of SCHD. Rakuten Investment Management Inc. bought a new stake in shares of Schwab US Dividend Equity ETF in the third quarter worth about $1,127,144,000. Sumitomo Life Insurance Co. bought a new stake in shares of Schwab US Dividend Equity ETF in the third quarter worth about $847,665,000. Cibc World Market Inc. increased its holdings in shares of Schwab US Dividend Equity ETF by 243.5% in the third quarter. Cibc World Market Inc. now owns 5,328,615 shares of the company’s stock worth $145,471,000 after acquiring an additional 3,777,339 shares in the last quarter. Osaic Holdings Inc. increased its holdings in shares of Schwab US Dividend Equity ETF by 12.1% in the second quarter. Osaic Holdings Inc. now owns 11,264,610 shares of the company’s stock worth $298,684,000 after acquiring an additional 1,217,005 shares in the last quarter. Finally, Lido Advisors LLC bought a new stake in shares of Schwab US Dividend Equity ETF in the third quarter worth about $32,308,000.

Schwab US Dividend Equity ETF Stock Performance

NYSEARCA:SCHD opened at $30.86 on Thursday. The company has a market cap of $85.45 billion, a PE ratio of 14.57 and a beta of 0.74. Schwab US Dividend Equity ETF has a 52-week low of $23.87 and a 52-week high of $31.95. The stock has a 50-day simple moving average of $30.98 and a 200 day simple moving average of $28.73.

Schwab US Dividend Equity ETF 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.