Investment Advisory Group LLC Purchases 65,180 Shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Investment Advisory Group LLC grew its position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 264.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 89,864 shares of the company’s stock after buying an additional 65,180 shares during the period. Investment Advisory Group LLC’s holdings in Schwab US Dividend Equity ETF were worth $2,455,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Kennebec Savings Bank acquired a new stake in Schwab US Dividend Equity ETF during the third quarter worth approximately $31,000. Legacy Investment Solutions LLC bought a new stake in shares of Schwab US Dividend Equity ETF during the 3rd quarter valued at $34,000. Barrett & Company Inc. acquired a new stake in shares of Schwab US Dividend Equity ETF during the 3rd quarter worth $34,000. Cassady Schiller Wealth Management LLC acquired a new position in Schwab US Dividend Equity ETF in the third quarter valued at about $38,000. Finally, Quent Capital LLC lifted its position in Schwab US Dividend Equity ETF by 86.6% during the third quarter. Quent Capital LLC now owns 517 shares of the company’s stock worth $44,000 after purchasing an additional 240 shares during the period.

Schwab US Dividend Equity ETF Stock Up 0.8 %

Shares of Schwab US Dividend Equity ETF stock opened at $28.22 on Wednesday. The firm’s 50-day moving average price is $28.16 and its two-hundred day moving average price is $27.85. The company has a market capitalization of $19.80 billion, a price-to-earnings ratio of 15.04 and a beta of 0.74. Schwab US Dividend Equity ETF has a 12-month low of $25.16 and a 12-month high of $29.72.

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.