Schwab US Dividend Equity ETF (NYSEARCA:SCHD) is Allied Investment Advisors LLC’s Largest Position

Allied Investment Advisors LLC lifted its stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 204.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,454,946 shares of the company’s stock after acquiring an additional 977,548 shares during the period. Schwab US Dividend Equity ETF accounts for approximately 8.0% of Allied Investment Advisors LLC’s portfolio, making the stock its biggest position. Allied Investment Advisors LLC’s holdings in Schwab US Dividend Equity ETF were worth $39,749,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of SCHD. Sumitomo Life Insurance Co. lifted its stake in shares of Schwab US Dividend Equity ETF by 200.0% in the 4th quarter. Sumitomo Life Insurance Co. now owns 26,820,000 shares of the company’s stock valued at $732,722,000 after purchasing an additional 17,880,000 shares during the last quarter. Orgel Wealth Management LLC raised its holdings in Schwab US Dividend Equity ETF by 159.8% in the 4th quarter. Orgel Wealth Management LLC now owns 11,062,243 shares of the company’s stock valued at $302,220,000 after buying an additional 6,804,908 shares during the period. Strategic Financial Concepts LLC lifted its position in Schwab US Dividend Equity ETF by 9,346.2% in the fourth quarter. Strategic Financial Concepts LLC now owns 3,576,526 shares of the company’s stock valued at $97,711,000 after buying an additional 3,538,664 shares during the last quarter. Keystone Financial Planning Inc. increased its position in shares of Schwab US Dividend Equity ETF by 188.6% during the fourth quarter. Keystone Financial Planning Inc. now owns 5,365,627 shares of the company’s stock valued at $146,589,000 after acquiring an additional 3,506,729 shares during the last quarter. Finally, HHM Wealth Advisors LLC increased its position in shares of Schwab US Dividend Equity ETF by 207.3% during the fourth quarter. HHM Wealth Advisors LLC now owns 4,872,578 shares of the company’s stock valued at $133,119,000 after acquiring an additional 3,286,917 shares during the last quarter.

Schwab US Dividend Equity ETF Stock Performance

Shares of SCHD stock opened at $27.99 on Wednesday. The firm has a market cap of $68.58 billion, a P/E ratio of 17.48 and a beta of 0.88. The firm’s 50 day moving average price is $27.70 and its 200-day moving average price is $28.01. Schwab US Dividend Equity ETF has a one year low of $25.18 and a one year high of $29.72.

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.