Farther Finance Advisors LLC Grows Stock Holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Farther Finance Advisors LLC increased its stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 755.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 493,839 shares of the company’s stock after buying an additional 436,135 shares during the quarter. Farther Finance Advisors LLC’s holdings in Schwab US Dividend Equity ETF were worth $13,492,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Kennebec Savings Bank purchased a new position in shares of Schwab US Dividend Equity ETF during the third quarter worth about $31,000. Legacy Investment Solutions LLC purchased a new position in shares of Schwab US Dividend Equity ETF during the third quarter worth about $34,000. Cassady Schiller Wealth Management LLC purchased a new stake in Schwab US Dividend Equity ETF in the 3rd quarter valued at approximately $38,000. Phillips Financial Management LLC boosted its holdings in 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 valued at $56,000 after purchasing an additional 391 shares in the last quarter. Finally, Hobbs Group Advisors LLC purchased a new stake in Schwab US Dividend Equity ETF in the 3rd quarter valued at approximately $68,000.

Schwab US Dividend Equity ETF Trading Down 2.3 %

Shares of SCHD opened at $27.74 on Wednesday. Schwab US Dividend Equity ETF has a twelve month low of $25.18 and a twelve month high of $29.72. The stock’s 50 day moving average is $27.88 and its two-hundred day moving average is $28.14. The firm has a market capitalization of $68.80 billion, a PE ratio of 17.56 and a beta of 0.86.

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.