Schwab US Dividend Equity ETF (NYSEARCA:SCHD) Stake Boosted by Capital Asset Advisory Services LLC

Capital Asset Advisory Services LLC increased its stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 5.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 154,062 shares of the company’s stock after purchasing an additional 8,046 shares during the period. Capital Asset Advisory Services LLC’s holdings in Schwab US Dividend Equity ETF were worth $12,172,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Whitaker Myers Wealth Managers LTD. lifted its holdings in Schwab US Dividend Equity ETF by 12.3% in the fourth quarter. Whitaker Myers Wealth Managers LTD. now owns 203,264 shares of the company’s stock worth $15,475,000 after purchasing an additional 22,221 shares during the period. FMR LLC boosted its holdings in shares of Schwab US Dividend Equity ETF by 22.7% in the third quarter. FMR LLC now owns 64,312 shares of the company’s stock valued at $4,551,000 after acquiring an additional 11,906 shares in the last quarter. Traynor Capital Management Inc. raised its holdings in Schwab US Dividend Equity ETF by 53.6% during the first quarter. Traynor Capital Management Inc. now owns 6,140 shares of the company’s stock worth $495,000 after purchasing an additional 2,142 shares in the last quarter. Apexium Financial LP lifted its position in Schwab US Dividend Equity ETF by 27.0% in the fourth quarter. Apexium Financial LP now owns 287,086 shares of the company’s stock worth $21,856,000 after purchasing an additional 60,972 shares during the period. Finally, Procyon Advisors LLC boosted its stake in Schwab US Dividend Equity ETF by 9.9% during the 4th quarter. Procyon Advisors LLC now owns 4,440 shares of the company’s stock valued at $338,000 after purchasing an additional 401 shares in the last quarter.

Schwab US Dividend Equity ETF Price Performance

Shares of SCHD traded up $0.49 during midday trading on Friday, reaching $77.76. The stock had a trading volume of 3,531,564 shares, compared to its average volume of 3,305,000. The company has a market capitalization of $54.55 billion, a P/E ratio of 15.04 and a beta of 0.74. The firm’s 50 day moving average price is $78.10 and its 200-day moving average price is $77.54. Schwab US Dividend Equity ETF has a 52 week low of $66.67 and a 52 week high of $80.82.

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.