Powers Advisory Group LLC Boosts Holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Powers Advisory Group LLC boosted its stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 7.1% during the second quarter, Holdings Channel reports. The fund owned 193,953 shares of the company’s stock after acquiring an additional 12,897 shares during the period. Schwab US Dividend Equity ETF makes up approximately 8.2% of Powers Advisory Group LLC’s holdings, making the stock its 2nd biggest holding. Powers Advisory Group LLC’s holdings in Schwab US Dividend Equity ETF were worth $15,082,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Central Pacific Bank Trust Division acquired a new position in Schwab US Dividend Equity ETF during the 1st quarter valued at about $25,000. CarsonAllaria Wealth Management Ltd. acquired a new position in Schwab US Dividend Equity ETF during the 1st quarter valued at about $26,000. Iron Horse Wealth Management LLC acquired a new position in Schwab US Dividend Equity ETF during the 2nd quarter valued at about $26,000. PFG Private Wealth Management LLC acquired a new position in Schwab US Dividend Equity ETF during the 2nd quarter valued at about $27,000. Finally, Olistico Wealth LLC acquired a new position in Schwab US Dividend Equity ETF during the 2nd quarter valued at about $28,000.

Schwab US Dividend Equity ETF Trading Up 1.4 %

Shares of NYSEARCA:SCHD traded up $1.14 during mid-day trading on Friday, reaching $83.48. The stock had a trading volume of 2,484,779 shares, compared to its average volume of 3,234,457. The firm has a market cap of $58.56 billion, a PE ratio of 15.04 and a beta of 0.74. The firm has a 50 day simple moving average of $79.73 and a two-hundred day simple moving average of $78.69. Schwab US Dividend Equity ETF has a twelve month low of $66.67 and a twelve month high of $83.56.

About Schwab US Dividend Equity ETF

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.