Channel Wealth LLC Acquires 153,968 Shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Channel Wealth LLC lifted its position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 293.4% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 206,440 shares of the company’s stock after acquiring an additional 153,968 shares during the period. Schwab US Dividend Equity ETF comprises about 1.8% of Channel Wealth LLC’s investment portfolio, making the stock its 14th biggest holding. Channel Wealth LLC’s holdings in Schwab US Dividend Equity ETF were worth $5,640,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in SCHD. Edgestream Partners L.P. lifted its stake in shares of Schwab US Dividend Equity ETF by 148.3% in the second quarter. Edgestream Partners L.P. now owns 9,110 shares of the company’s stock worth $708,000 after buying an additional 5,441 shares in the last quarter. Mercer Global Advisors Inc. ADV raised its holdings in shares of Schwab US Dividend Equity ETF by 7.5% during the second quarter. Mercer Global Advisors Inc. ADV now owns 286,320 shares of the company’s stock valued at $22,264,000 after purchasing an additional 19,876 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its holdings in shares of Schwab US Dividend Equity ETF by 6.3% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 6,593 shares of the company’s stock valued at $513,000 after purchasing an additional 392 shares during the last quarter. Blair William & Co. IL raised its holdings in shares of Schwab US Dividend Equity ETF by 278.0% during the second quarter. Blair William & Co. IL now owns 358,851 shares of the company’s stock valued at $27,904,000 after purchasing an additional 263,912 shares during the last quarter. Finally, Paces Ferry Wealth Advisors LLC raised its holdings in shares of Schwab US Dividend Equity ETF by 8.9% during the second quarter. Paces Ferry Wealth Advisors LLC now owns 112,820 shares of the company’s stock valued at $8,773,000 after purchasing an additional 9,184 shares during the last quarter.

Schwab US Dividend Equity ETF Stock Up 0.0 %

SCHD opened at $27.83 on Friday. The firm has a 50 day moving average price of $28.21 and a 200-day moving average price of $27.79. Schwab US Dividend Equity ETF has a twelve month low of $24.97 and a twelve month high of $29.72. The stock has a market capitalization of $19.52 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.