Skyline Advisors Inc. Makes New $14.17 Million Investment in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Skyline Advisors Inc. acquired a new position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 186,152 shares of the company’s stock, valued at approximately $14,172,000. Schwab US Dividend Equity ETF accounts for 6.8% of Skyline Advisors Inc.’s holdings, making the stock its 6th biggest position.

Several other institutional investors and hedge funds have also bought and sold shares of the business. BlueChip Wealth Advisors LLC bought a new position in shares of Schwab US Dividend Equity ETF in the 4th quarter worth approximately $8,392,000. Walden Wealth Partners LLC bought a new position in shares of Schwab US Dividend Equity ETF in the 4th quarter worth approximately $800,000. Leo Wealth LLC bought a new position in shares of Schwab US Dividend Equity ETF in the 4th quarter worth approximately $11,631,000. Muirfield Wealth Advisors LLC bought a new position in shares of Schwab US Dividend Equity ETF in the 4th quarter worth approximately $2,042,000. Finally, Red Mountain Financial LLC bought a new position in shares of Schwab US Dividend Equity ETF in the 4th quarter worth approximately $8,310,000.

Schwab US Dividend Equity ETF Stock Up 0.7 %

Shares of NYSEARCA:SCHD traded up $0.52 during trading on Monday, hitting $77.31. The stock had a trading volume of 3,080,327 shares, compared to its average volume of 3,333,905. Schwab US Dividend Equity ETF has a 12 month low of $66.67 and a 12 month high of $80.82. The company has a market capitalization of $54.23 billion, a PE ratio of 15.04 and a beta of 0.74. The firm’s fifty day moving average is $77.95 and its 200 day moving average is $77.31.

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.