Parallel Advisors LLC Has $17.52 Million Stock Position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Parallel Advisors LLC grew its position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 0.2% in the 1st quarter, Holdings Channel reports. The institutional investor owned 626,487 shares of the company’s stock after purchasing an additional 1,252 shares during the period. Parallel Advisors LLC’s holdings in Schwab US Dividend Equity ETF were worth $17,516,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in SCHD. Capital & Planning LLC grew its stake in shares of Schwab US Dividend Equity ETF by 128.2% during the fourth quarter. Capital & Planning LLC now owns 21,196 shares of the company’s stock worth $579,000 after purchasing an additional 11,906 shares during the period. Ironwood Wealth Management LLC. lifted its holdings in Schwab US Dividend Equity ETF by 413.8% during the fourth quarter. Ironwood Wealth Management LLC. now owns 16,391 shares of the company’s stock worth $448,000 after acquiring an additional 13,201 shares in the last quarter. Eagle Capital Management LLC lifted its holdings in Schwab US Dividend Equity ETF by 204.9% during the fourth quarter. Eagle Capital Management LLC now owns 862,365 shares of the company’s stock worth $23,560,000 after acquiring an additional 579,549 shares in the last quarter. Brighton Jones LLC lifted its holdings in Schwab US Dividend Equity ETF by 404.6% during the fourth quarter. Brighton Jones LLC now owns 105,089 shares of the company’s stock worth $2,871,000 after acquiring an additional 84,262 shares in the last quarter. Finally, Revolve Wealth Partners LLC lifted its holdings in Schwab US Dividend Equity ETF by 206.9% during the fourth quarter. Revolve Wealth Partners LLC now owns 76,685 shares of the company’s stock worth $2,095,000 after acquiring an additional 51,696 shares in the last quarter.

Schwab US Dividend Equity ETF Trading Up 0.6%

SCHD stock opened at $26.19 on Friday. The business’s 50-day moving average price is $26.03 and its two-hundred day moving average price is $27.37. The firm has a market cap of $68.09 billion, a PE ratio of 15.93 and a beta of 0.82. Schwab US Dividend Equity ETF has a 1-year low of $23.87 and a 1-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.