AdvisorNet Financial Inc Purchases 543,103 Shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

AdvisorNet Financial Inc increased its position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 226.3% during the 4th quarter, HoldingsChannel.com reports. The firm owned 783,068 shares of the company’s stock after purchasing an additional 543,103 shares during the period. Schwab US Dividend Equity ETF accounts for 1.8% of AdvisorNet Financial Inc’s investment portfolio, making the stock its 7th biggest position. AdvisorNet Financial Inc’s holdings in Schwab US Dividend Equity ETF were worth $21,393,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Kennebec Savings Bank acquired a new stake in shares of Schwab US Dividend Equity ETF during the 3rd quarter worth approximately $31,000. Legacy Investment Solutions LLC bought a new position in Schwab US Dividend Equity ETF during the 3rd quarter worth $34,000. Barrett & Company Inc. acquired a new stake in Schwab US Dividend Equity ETF in the third quarter worth $34,000. Cassady Schiller Wealth Management LLC bought a new stake in Schwab US Dividend Equity ETF in the third quarter valued at $38,000. Finally, Fairfield Financial Advisors LTD acquired a new position in shares of Schwab US Dividend Equity ETF during the second quarter valued at $39,000.

Schwab US Dividend Equity ETF Stock Performance

Schwab US Dividend Equity ETF stock opened at $27.30 on Tuesday. Schwab US Dividend Equity ETF has a one year low of $24.97 and a one year high of $29.72. The company has a 50-day simple moving average of $28.27 and a 200-day simple moving average of $27.78. The firm has a market capitalization of $19.15 billion, a P/E ratio of 15.04 and a beta of 0.74.

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.