Manning & Napier Advisors LLC Buys 495,613 Shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Manning & Napier Advisors LLC boosted its stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 188.5% during the fourth quarter, Holdings Channel.com reports. The fund owned 758,594 shares of the company’s stock after acquiring an additional 495,613 shares during the period. Manning & Napier Advisors LLC’s holdings in Schwab US Dividend Equity ETF were worth $20,725,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SCHD. Paladin Advisory Group LLC increased its stake in Schwab US Dividend Equity ETF by 211.3% in the fourth quarter. Paladin Advisory Group LLC now owns 143,791 shares of the company’s stock valued at $3,928,000 after acquiring an additional 97,599 shares during the last quarter. Allen Capital Group LLC increased its stake in shares of Schwab US Dividend Equity ETF by 204.9% in the 4th quarter. Allen Capital Group LLC now owns 94,869 shares of the company’s stock valued at $2,592,000 after purchasing an additional 63,752 shares during the last quarter. Valicenti Advisory Services Inc. raised its holdings in shares of Schwab US Dividend Equity ETF by 300.6% during the 4th quarter. Valicenti Advisory Services Inc. now owns 27,703 shares of the company’s stock worth $757,000 after buying an additional 20,788 shares in the last quarter. Strategic Blueprint LLC raised its holdings in shares of Schwab US Dividend Equity ETF by 198.2% during the 4th quarter. Strategic Blueprint LLC now owns 483,291 shares of the company’s stock worth $13,204,000 after buying an additional 321,223 shares in the last quarter. Finally, Iams Wealth Management LLC lifted its position in shares of Schwab US Dividend Equity ETF by 421.1% during the 4th quarter. Iams Wealth Management LLC now owns 31,790 shares of the company’s stock worth $869,000 after buying an additional 25,689 shares during the last quarter.

Schwab US Dividend Equity ETF Trading Up 0.5 %

NYSEARCA SCHD traded up $0.14 during trading on Wednesday, hitting $28.21. 2,734,248 shares of the company’s stock were exchanged, compared to its average volume of 15,456,114. The stock’s 50 day moving average price is $28.08 and its two-hundred day moving average price is $27.94. Schwab US Dividend Equity ETF has a fifty-two week low of $25.16 and a fifty-two week high of $29.72. The company has a market cap of $19.79 billion, a PE ratio of 15.04 and a beta of 0.74.

Schwab US Dividend Equity ETF 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.