KCM Investment Advisors LLC Has $10.70 Million Stock Position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

KCM Investment Advisors LLC boosted its position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 0.5% in the 4th quarter, HoldingsChannel.com reports. The firm owned 184,649 shares of the company’s stock after buying an additional 917 shares during the period. KCM Investment Advisors LLC’s holdings in Schwab US Dividend Equity ETF were worth $10,695,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SCHD. Charles Schwab Investment Advisory Inc. increased its position in shares of Schwab US Dividend Equity ETF by 8.0% during the fourth quarter. Charles Schwab Investment Advisory Inc. now owns 10,402,027 shares of the company’s stock valued at $602,486,000 after acquiring an additional 769,105 shares during the last quarter. Bank of America Corp DE lifted its holdings in shares of Schwab US Dividend Equity ETF by 49.4% in the 4th quarter. Bank of America Corp DE now owns 1,361,409 shares of the company’s stock valued at $78,853,000 after acquiring an additional 450,053 shares during the last quarter. Wealthfront Advisers LLC lifted its holdings in shares of Schwab US Dividend Equity ETF by 4.9% in the 4th quarter. Wealthfront Advisers LLC now owns 6,374,066 shares of the company’s stock valued at $369,186,000 after acquiring an additional 299,476 shares during the last quarter. Madison Asset Management LLC bought a new position in shares of Schwab US Dividend Equity ETF in the 4th quarter valued at about $15,941,000. Finally, Aurora Private Wealth Inc. bought a new position in shares of Schwab US Dividend Equity ETF in the 4th quarter valued at about $13,816,000.

Shares of NYSEARCA:SCHD traded up $2.16 during trading on Thursday, reaching $44.78. The company’s stock had a trading volume of 191,634 shares, compared to its average volume of 2,449,348. Schwab US Dividend Equity ETF has a 12 month low of $38.83 and a 12 month high of $59.56. The firm’s 50 day simple moving average is $52.57 and its two-hundred day simple moving average is $55.51.

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 30th. Investors of record on Thursday, March 26th will be issued a $0.4419 dividend. This represents a $1.77 dividend on an annualized basis and a dividend yield of 3.95%. The ex-dividend date of this dividend is Wednesday, March 25th.

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Want to see what other hedge funds are holding SCHD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Schwab US Dividend Equity ETF (NYSEARCA:SCHD).

Institutional Ownership by Quarter for Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

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