Independent Advisor Alliance Buys 85,241 Shares of Schwab US Dividend Equity ETF $SCHD

Independent Advisor Alliance increased its stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 137.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 147,069 shares of the company’s stock after purchasing an additional 85,241 shares during the quarter. Independent Advisor Alliance’s holdings in Schwab US Dividend Equity ETF were worth $4,034,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Rakuten Investment Management Inc. purchased a new position in shares of Schwab US Dividend Equity ETF during the third quarter valued at approximately $1,127,144,000. Sumitomo Life Insurance Co. bought a new stake in Schwab US Dividend Equity ETF during the 3rd quarter valued at $847,665,000. Avantax Planning Partners Inc. lifted its stake in Schwab US Dividend Equity ETF by 3.0% in the third quarter. Avantax Planning Partners Inc. now owns 9,739,675 shares of the company’s stock worth $265,893,000 after acquiring an additional 280,277 shares during the period. Cassaday & Co Wealth Management LLC boosted its stake in shares of Schwab US Dividend Equity ETF by 52.2% during the fourth quarter. Cassaday & Co Wealth Management LLC now owns 9,244,248 shares of the company’s stock valued at $253,570,000 after purchasing an additional 3,170,728 shares in the last quarter. Finally, MML Investors Services LLC increased its holdings in shares of Schwab US Dividend Equity ETF by 3.2% in the 2nd quarter. MML Investors Services LLC now owns 6,058,642 shares of the company’s stock valued at $160,554,000 after acquiring an additional 185,649 shares during the period.

Schwab US Dividend Equity ETF Price Performance

Schwab US Dividend Equity ETF stock opened at $31.75 on Thursday. The stock has a market capitalization of $90.13 billion, a price-to-earnings ratio of 14.57 and a beta of 0.68. Schwab US Dividend Equity ETF has a 1-year low of $25.69 and a 1-year high of $32.13. The business has a fifty day moving average price of $31.00 and a 200-day moving average price of $29.41.

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.