Paladin Advisory Group LLC Has $4.04 Million Holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Paladin Advisory Group LLC lessened its holdings in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 15.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 53,022 shares of the company’s stock after selling 9,831 shares during the quarter. Schwab US Dividend Equity ETF makes up approximately 3.3% of Paladin Advisory Group LLC’s portfolio, making the stock its 5th largest holding. Paladin Advisory Group LLC’s holdings in Schwab US Dividend Equity ETF were worth $4,037,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Moneta Group Investment Advisors LLC raised its stake in shares of Schwab US Dividend Equity ETF by 104,751.9% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 52,654,527 shares of the company’s stock valued at $3,977,523,000 after acquiring an additional 52,604,309 shares in the last quarter. LPL Financial LLC grew its holdings in Schwab US Dividend Equity ETF by 4.7% during the third quarter. LPL Financial LLC now owns 11,272,535 shares of the company’s stock valued at $797,645,000 after purchasing an additional 503,970 shares during the last quarter. Charles Schwab Investment Advisory Inc. raised its position in shares of Schwab US Dividend Equity ETF by 3.7% in the first quarter. Charles Schwab Investment Advisory Inc. now owns 8,927,261 shares of the company’s stock valued at $704,272,000 after purchasing an additional 319,294 shares during the period. Morgan Stanley lifted its stake in shares of Schwab US Dividend Equity ETF by 13.3% in the fourth quarter. Morgan Stanley now owns 7,736,874 shares of the company’s stock worth $584,444,000 after buying an additional 911,053 shares during the last quarter. Finally, Avantax Advisory Services Inc. boosted its holdings in shares of Schwab US Dividend Equity ETF by 3.7% during the 3rd quarter. Avantax Advisory Services Inc. now owns 7,458,984 shares of the company’s stock worth $527,798,000 after buying an additional 266,516 shares during the period.

Schwab US Dividend Equity ETF Price Performance

NYSEARCA:SCHD traded up $0.84 during midday trading on Friday, reaching $76.65. The stock had a trading volume of 3,401,817 shares, compared to its average volume of 3,671,898. The stock has a market capitalization of $53.71 billion, a P/E ratio of 15.00 and a beta of 0.79. Schwab US Dividend Equity ETF has a 1-year low of $66.67 and a 1-year high of $80.82. The firm’s fifty day simple moving average is $78.22 and its 200-day simple moving average is $74.87.

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.