Sequoia Financial Advisors LLC Increases Stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Sequoia Financial Advisors LLC grew its position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 311.0% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 203,445 shares of the company’s stock after buying an additional 153,945 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Schwab US Dividend Equity ETF were worth $5,558,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Phillips Financial Management LLC grew its position in shares of Schwab US Dividend Equity ETF by 144.8% during the third quarter. Phillips Financial Management LLC now owns 661 shares of the company’s stock worth $56,000 after buying an additional 391 shares in the last quarter. Legacy Investment Solutions LLC acquired a new stake in shares of Schwab US Dividend Equity ETF during the third quarter worth approximately $34,000. Anchor Investment Management LLC grew its position in shares of Schwab US Dividend Equity ETF by 1.1% during the third quarter. Anchor Investment Management LLC now owns 38,517 shares of the company’s stock worth $3,256,000 after buying an additional 428 shares in the last quarter. Stonebridge Financial Planning Group LLC grew its position in shares of Schwab US Dividend Equity ETF by 1.7% during the third quarter. Stonebridge Financial Planning Group LLC now owns 25,276 shares of the company’s stock worth $2,137,000 after buying an additional 430 shares in the last quarter. Finally, Balboa Wealth Partners grew its position in shares of Schwab US Dividend Equity ETF by 4.0% during the third quarter. Balboa Wealth Partners now owns 11,384 shares of the company’s stock worth $962,000 after buying an additional 433 shares in the last quarter.

Schwab US Dividend Equity ETF Trading Down 0.5 %

SCHD stock opened at $27.29 on Friday. Schwab US Dividend Equity ETF has a twelve month low of $25.18 and a twelve month high of $29.72. The company has a market capitalization of $67.68 billion, a P/E ratio of 17.56 and a beta of 0.86. The firm has a 50 day simple moving average of $27.88 and a 200-day simple moving average of $28.13.

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.