1620 Investment Advisors Inc. Has $215,000 Stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

1620 Investment Advisors Inc. lifted its position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 250.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,874 shares of the company’s stock after purchasing an additional 5,625 shares during the quarter. 1620 Investment Advisors Inc.’s holdings in Schwab US Dividend Equity ETF were worth $215,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of SCHD. Prospera Private Wealth LLC acquired a new position in Schwab US Dividend Equity ETF during the third quarter worth $73,000. Strategy Asset Managers LLC acquired a new position in Schwab US Dividend Equity ETF during the third quarter worth $331,000. Commerce Bank raised its stake in Schwab US Dividend Equity ETF by 5.1% during the third quarter. Commerce Bank now owns 42,086 shares of the company’s stock worth $3,558,000 after acquiring an additional 2,044 shares in the last quarter. Citizens Financial Group Inc. RI raised its stake in Schwab US Dividend Equity ETF by 33.7% during the third quarter. Citizens Financial Group Inc. RI now owns 85,964 shares of the company’s stock worth $7,267,000 after acquiring an additional 21,651 shares in the last quarter. Finally, Trustmark National Bank Trust Department raised its stake in Schwab US Dividend Equity ETF by 12.8% during the third quarter. Trustmark National Bank Trust Department now owns 15,741 shares of the company’s stock worth $1,331,000 after acquiring an additional 1,791 shares in the last quarter.

Schwab US Dividend Equity ETF Price Performance

Schwab US Dividend Equity ETF stock opened at $27.95 on Friday. The stock has a fifty day moving average price of $27.94 and a two-hundred day moving average price of $28.13. Schwab US Dividend Equity ETF has a 52-week low of $25.18 and a 52-week high of $29.72. The firm has a market capitalization of $69.32 billion, a P/E ratio of 17.56 and a beta of 0.86.

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.