Evergreen Advisors LLC Takes $41.63 Million Position in Schwab US Dividend Equity ETF $SCHD

Evergreen Advisors LLC acquired a new stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) in the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 1,517,678 shares of the company’s stock, valued at approximately $41,630,000. Schwab US Dividend Equity ETF accounts for about 10.2% of Evergreen Advisors LLC’s investment portfolio, making the stock its 4th largest holding.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. First Command Advisory Services Inc. boosted its position in Schwab US Dividend Equity ETF by 7.6% during the third quarter. First Command Advisory Services Inc. now owns 1,107,033 shares of the company’s stock worth $30,222,000 after purchasing an additional 77,785 shares in the last quarter. BG Investment Services Inc. raised its holdings in shares of Schwab US Dividend Equity ETF by 82.8% in the third quarter. BG Investment Services Inc. now owns 62,076 shares of the company’s stock worth $1,695,000 after acquiring an additional 28,109 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Schwab US Dividend Equity ETF by 2.1% in the third quarter. JPMorgan Chase & Co. now owns 4,616,851 shares of the company’s stock worth $126,040,000 after acquiring an additional 95,857 shares during the last quarter. Elmwood Wealth Management Inc. acquired a new position in shares of Schwab US Dividend Equity ETF in the fourth quarter worth $1,003,000. Finally, Bell Bank raised its holdings in shares of Schwab US Dividend Equity ETF by 53.3% in the fourth quarter. Bell Bank now owns 104,155 shares of the company’s stock worth $2,857,000 after acquiring an additional 36,212 shares during the last quarter.

Schwab US Dividend Equity ETF Price Performance

NYSEARCA SCHD opened at $31.72 on Monday. Schwab US Dividend Equity ETF has a fifty-two week low of $25.69 and a fifty-two week high of $32.13. The stock has a market cap of $90.04 billion, a price-to-earnings ratio of 14.57 and a beta of 0.68. The business has a fifty day moving average of $31.01 and a 200-day moving average of $29.48.

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.