Powers Advisory Group LLC Raises Holdings in Schwab US Dividend Equity ETF $SCHD

Powers Advisory Group LLC raised its position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 6.7% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 683,687 shares of the company’s stock after buying an additional 43,125 shares during the quarter. Schwab US Dividend Equity ETF comprises about 7.4% of Powers Advisory Group LLC’s investment portfolio, making the stock its 2nd largest holding. Powers Advisory Group LLC’s holdings in Schwab US Dividend Equity ETF were worth $20,976,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. Mountain Hill Investment Partners Corp. boosted its stake in Schwab US Dividend Equity ETF by 1,241.8% in the fourth quarter. Mountain Hill Investment Partners Corp. now owns 899 shares of the company’s stock valued at $25,000 after acquiring an additional 832 shares in the last quarter. Merrithew & Thorsten Inc acquired a new position in shares of Schwab US Dividend Equity ETF during the fourth quarter worth $25,000. Field & Main Bank acquired a new position in shares of Schwab US Dividend Equity ETF during the fourth quarter worth $29,000. Dynamic Wealth Strategies LLC purchased a new stake in shares of Schwab US Dividend Equity ETF during the 4th quarter valued at $29,000. Finally, Triumph Capital Management acquired a new stake in shares of Schwab US Dividend Equity ETF in the 3rd quarter worth $33,000.

Schwab US Dividend Equity ETF Stock Performance

Shares of NYSEARCA SCHD opened at $32.09 on Friday. Schwab US Dividend Equity ETF has a fifty-two week low of $26.21 and a fifty-two week high of $32.92. The company has a market cap of $91.09 billion, a PE ratio of 14.57 and a beta of 0.67. The business has a 50-day simple moving average of $31.96 and a two-hundred day simple moving average of $30.56.

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.