Millstone Evans Group LLC Takes Position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Millstone Evans Group LLC acquired a new position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,276 shares of the company’s stock, valued at approximately $35,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Sumitomo Life Insurance Co. boosted its position in Schwab US Dividend Equity ETF by 200.0% in the fourth quarter. Sumitomo Life Insurance Co. now owns 26,820,000 shares of the company’s stock worth $732,722,000 after purchasing an additional 17,880,000 shares during the last quarter. Avantax Advisory Services Inc. grew its position in shares of Schwab US Dividend Equity ETF by 205.8% during the 4th quarter. Avantax Advisory Services Inc. now owns 26,003,626 shares of the company’s stock valued at $710,419,000 after purchasing an additional 17,501,170 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Schwab US Dividend Equity ETF in the fourth quarter worth approximately $592,939,000. Wealthspire Advisors LLC raised its position in shares of Schwab US Dividend Equity ETF by 195.8% during the 4th quarter. Wealthspire Advisors LLC now owns 15,144,112 shares of the company’s stock valued at $413,737,000 after buying an additional 10,024,156 shares in the last quarter. Finally, Commonwealth Equity Services LLC lifted its stake in Schwab US Dividend Equity ETF by 206.7% during the fourth quarter. Commonwealth Equity Services LLC now owns 13,130,560 shares of the company’s stock worth $358,727,000 after purchasing an additional 8,848,668 shares during the last quarter.

Schwab US Dividend Equity ETF Stock Performance

Shares of Schwab US Dividend Equity ETF stock opened at $28.09 on Tuesday. The company has a fifty day moving average of $27.97 and a 200-day moving average 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 stock has a market capitalization of $69.66 billion, a price-to-earnings ratio of 17.56 and a beta of 0.86.

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.