Planning Alternatives Ltd. ADV Purchases 43,751 Shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Planning Alternatives Ltd. ADV boosted its position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 191.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 66,558 shares of the company’s stock after acquiring an additional 43,751 shares during the period. Schwab US Dividend Equity ETF makes up approximately 0.3% of Planning Alternatives Ltd. ADV’s holdings, making the stock its 21st largest holding. Planning Alternatives Ltd. ADV’s holdings in Schwab US Dividend Equity ETF were worth $1,818,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SCHD. Kennebec Savings Bank bought a new position in shares of Schwab US Dividend Equity ETF in the 3rd quarter worth $31,000. Galvin Gaustad & Stein LLC boosted its position in shares of Schwab US Dividend Equity ETF by 2.1% in the 3rd quarter. Galvin Gaustad & Stein LLC now owns 17,987 shares of the company’s stock worth $1,520,000 after purchasing an additional 377 shares during the last quarter. Phillips Financial Management LLC boosted its position in shares of Schwab US Dividend Equity ETF by 144.8% in the 3rd quarter. Phillips Financial Management LLC now owns 661 shares of the company’s stock worth $56,000 after purchasing an additional 391 shares during the last quarter. Legacy Investment Solutions LLC bought a new position in shares of Schwab US Dividend Equity ETF in the 3rd quarter worth $34,000. Finally, Anchor Investment Management LLC boosted its position in shares of Schwab US Dividend Equity ETF by 1.1% in the 3rd quarter. Anchor Investment Management LLC now owns 38,517 shares of the company’s stock worth $3,256,000 after purchasing an additional 428 shares during the last quarter.

Schwab US Dividend Equity ETF Stock Down 0.5 %

NYSEARCA:SCHD opened at $28.40 on Tuesday. Schwab US Dividend Equity ETF has a 12-month low of $25.18 and a 12-month high of $29.72. The firm has a market capitalization of $69.58 billion, a P/E ratio of 17.48 and a beta of 0.88. The stock’s fifty day simple moving average is $27.80 and its 200-day simple moving average is $28.12.

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.