Madison Park Capital Advisors LLC Makes New Investment in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Madison Park Capital Advisors LLC acquired a new position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 21,794 shares of the company’s stock, valued at approximately $1,659,000. Schwab US Dividend Equity ETF comprises 1.6% of Madison Park Capital Advisors LLC’s investment portfolio, making the stock its 20th biggest holding.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Sumitomo Life Insurance Co. bought a new stake in shares of Schwab US Dividend Equity ETF in the 4th quarter valued at approximately $228,390,000. International Assets Investment Management LLC bought a new stake in shares of Schwab US Dividend Equity ETF in the 4th quarter valued at approximately $89,561,000. LPL Financial LLC increased its holdings in shares of Schwab US Dividend Equity ETF by 4.7% in the 3rd quarter. LPL Financial LLC now owns 11,272,535 shares of the company’s stock valued at $797,645,000 after acquiring an additional 503,970 shares during the last quarter. DDD Partners LLC increased its holdings in shares of Schwab US Dividend Equity ETF by 12,161.9% in the 4th quarter. DDD Partners LLC now owns 488,148 shares of the company’s stock valued at $37,163,000 after acquiring an additional 484,167 shares during the last quarter. Finally, HighTower Advisors LLC increased its holdings in shares of Schwab US Dividend Equity ETF by 34.1% in the 3rd quarter. HighTower Advisors LLC now owns 1,874,088 shares of the company’s stock valued at $132,545,000 after acquiring an additional 476,951 shares during the last quarter.

Schwab US Dividend Equity ETF Price Performance

NYSEARCA:SCHD traded up $0.48 during midday trading on Tuesday, reaching $77.72. 2,505,684 shares of the company traded hands, compared to its average volume of 3,649,406. Schwab US Dividend Equity ETF has a twelve month low of $66.67 and a twelve month high of $80.82. The firm has a market capitalization of $54.46 billion, a price-to-earnings ratio of 15.00 and a beta of 0.79. The company has a fifty day moving average price of $78.25 and a 200 day moving average price of $75.11.

Schwab US Dividend Equity ETF Company 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.