Avantax Planning Partners Inc. Purchases 6,274,985 Shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Avantax Planning Partners Inc. grew its position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 202.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,380,983 shares of the company’s stock after purchasing an additional 6,274,985 shares during the period. Schwab US Dividend Equity ETF makes up about 9.2% of Avantax Planning Partners Inc.’s holdings, making the stock its 3rd largest holding. Avantax Planning Partners Inc. owned about 1.34% of Schwab US Dividend Equity ETF worth $256,288,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Kennebec Savings Bank acquired a new position in Schwab US Dividend Equity ETF during the third quarter worth $31,000. Legacy Investment Solutions LLC acquired a new position in Schwab US Dividend Equity ETF during the third quarter worth $34,000. Cassady Schiller Wealth Management LLC acquired a new stake in shares of Schwab US Dividend Equity ETF in the third quarter valued at $38,000. Phillips Financial Management LLC raised its stake in shares of Schwab US Dividend Equity ETF by 144.8% in the third quarter. Phillips Financial Management LLC now owns 661 shares of the company’s stock valued at $56,000 after acquiring an additional 391 shares in the last quarter. Finally, Hobbs Group Advisors LLC acquired a new stake in shares of Schwab US Dividend Equity ETF in the third quarter valued at $68,000.

Schwab US Dividend Equity ETF Trading Down 0.3 %

Shares of NYSEARCA SCHD opened at $28.38 on Tuesday. The stock has a market cap of $70.38 billion, a P/E ratio of 17.56 and a beta of 0.86. Schwab US Dividend Equity ETF has a 12-month low of $25.18 and a 12-month high of $29.72. The business’s fifty day simple moving average is $27.87 and its 200-day simple moving average is $28.14.

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.