Schwab US Dividend Equity ETF $SCHD Shares Bought by Millstone Evans Group LLC

Millstone Evans Group LLC raised its position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 152.3% during the first quarter, HoldingsChannel reports. The firm owned 36,943 shares of the company’s stock after buying an additional 22,299 shares during the quarter. Schwab US Dividend Equity ETF accounts for 0.7% of Millstone Evans Group LLC’s holdings, making the stock its 27th biggest position. Millstone Evans Group LLC’s holdings in Schwab US Dividend Equity ETF were worth $1,133,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Wells Fargo & Company MN grew its stake in shares of Schwab US Dividend Equity ETF by 5.7% during the fourth quarter. Wells Fargo & Company MN now owns 10,203,553 shares of the company’s stock worth $279,883,000 after purchasing an additional 552,907 shares in the last quarter. Avantax Planning Partners Inc. raised its stake in Schwab US Dividend Equity ETF by 3.8% in the fourth quarter. Avantax Planning Partners Inc. now owns 10,106,223 shares of the company’s stock valued at $277,214,000 after buying an additional 366,548 shares in the last quarter. Cassaday & Co Wealth Management LLC raised its stake in Schwab US Dividend Equity ETF by 52.2% in the fourth quarter. Cassaday & Co Wealth Management LLC now owns 9,244,248 shares of the company’s stock valued at $253,570,000 after buying an additional 3,170,728 shares in the last quarter. Royal Bank of Canada lifted its holdings in Schwab US Dividend Equity ETF by 4.0% during the 4th quarter. Royal Bank of Canada now owns 7,995,065 shares of the company’s stock worth $219,304,000 after buying an additional 304,047 shares during the last quarter. Finally, Cibc World Market Inc. lifted its holdings in Schwab US Dividend Equity ETF by 31.8% during the 4th quarter. Cibc World Market Inc. now owns 7,022,759 shares of the company’s stock worth $192,634,000 after buying an additional 1,694,144 shares during the last quarter.

Schwab US Dividend Equity ETF Stock Performance

NYSEARCA:SCHD opened at $32.26 on Friday. The stock has a 50-day simple moving average of $32.15 and a 200-day simple moving average of $30.87. The stock has a market cap of $97.68 billion, a P/E ratio of 14.57 and a beta of 0.68. Schwab US Dividend Equity ETF has a 1 year low of $26.21 and a 1 year high of $32.92.

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.