Schwab US Dividend Equity ETF (NYSEARCA:SCHD) is Investment Advisory Services Inc. TX ADV’s 5th Largest Position

Investment Advisory Services Inc. TX ADV grew its holdings in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 4.2% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 512,581 shares of the company’s stock after buying an additional 20,689 shares during the quarter. Schwab US Dividend Equity ETF accounts for about 5.2% of Investment Advisory Services Inc. TX ADV’s investment portfolio, making the stock its 5th biggest position. Investment Advisory Services Inc. TX ADV’s holdings in Schwab US Dividend Equity ETF were worth $14,332,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Bank of America Corp DE boosted its holdings in shares of Schwab US Dividend Equity ETF by 569.6% in the fourth quarter. Bank of America Corp DE now owns 49,630,784 shares of the company’s stock valued at $1,355,913,000 after purchasing an additional 42,218,696 shares during the period. LPL Financial LLC raised its position in Schwab US Dividend Equity ETF by 214.9% during the 4th quarter. LPL Financial LLC now owns 36,314,776 shares of the company’s stock valued at $992,120,000 after purchasing an additional 24,783,386 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Schwab US Dividend Equity ETF in the 4th quarter worth $592,939,000. Avantax Advisory Services Inc. grew its position in shares of Schwab US Dividend Equity ETF by 205.8% during the 4th quarter. Avantax Advisory Services Inc. now owns 26,003,626 shares of the company’s stock worth $710,419,000 after buying an additional 17,501,170 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its stake in shares of Schwab US Dividend Equity ETF by 208.5% during the fourth quarter. Envestnet Asset Management Inc. now owns 19,626,674 shares of the company’s stock valued at $536,201,000 after buying an additional 13,264,762 shares during the period.

Schwab US Dividend Equity ETF Price Performance

SCHD stock opened at $26.20 on Thursday. Schwab US Dividend Equity ETF has a 1-year low of $23.87 and a 1-year high of $29.72. The business has a 50-day moving average price of $26.17 and a 200 day moving average price of $27.05. The company has a market capitalization of $68.12 billion, a P/E ratio of 14.34 and a beta of 0.80.

Schwab US Dividend Equity ETF Profile

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.