Miracle Mile Advisors LLC Buys 98,199 Shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Miracle Mile Advisors LLC lifted its holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 119.6% in the fourth quarter, Holdings Channel reports. The firm owned 180,316 shares of the company’s stock after buying an additional 98,199 shares during the period. Miracle Mile Advisors LLC’s holdings in Schwab US Dividend Equity ETF were worth $4,926,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Colorado Capital Management Inc. increased its holdings in shares of Schwab US Dividend Equity ETF by 1.1% in the 3rd quarter. Colorado Capital Management Inc. now owns 11,596 shares of the company’s stock valued at $980,000 after purchasing an additional 121 shares during the period. Brick & Kyle Associates grew its holdings in Schwab US Dividend Equity ETF by 2.9% in the 2nd quarter. Brick & Kyle Associates now owns 4,551 shares of the company’s stock valued at $354,000 after buying an additional 130 shares during the last quarter. Ascent Group LLC increased its position in Schwab US Dividend Equity ETF by 1.2% in the 2nd quarter. Ascent Group LLC now owns 12,091 shares of the company’s stock worth $940,000 after buying an additional 145 shares during the period. Sunflower Bank N.A. grew its stake in shares of Schwab US Dividend Equity ETF by 4.2% in the third quarter. Sunflower Bank N.A. now owns 4,542 shares of the company’s stock worth $384,000 after acquiring an additional 185 shares during the last quarter. Finally, Sound Income Strategies LLC increased its position in Schwab US Dividend Equity ETF by 12.5% during the third quarter. Sound Income Strategies LLC now owns 1,720 shares of the company’s stock worth $145,000 after acquiring an additional 191 shares during the period.

Schwab US Dividend Equity ETF Stock Up 1.1 %

NYSEARCA SCHD traded up $0.29 during midday trading on Monday, hitting $27.30. The company had a trading volume of 17,793,006 shares, compared to its average volume of 17,316,633. The firm has a fifty day simple moving average of $28.29 and a two-hundred day simple moving average of $27.77. Schwab US Dividend Equity ETF has a fifty-two week low of $24.97 and a fifty-two week high of $29.72. The stock has a market cap of $19.15 billion, a price-to-earnings ratio of 15.04 and a beta of 0.74.

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.