Independent Advisor Alliance Acquires 85,241 Shares of Schwab US Dividend Equity ETF $SCHD

Independent Advisor Alliance grew its stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 137.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 147,069 shares of the company’s stock after acquiring an additional 85,241 shares during the quarter. Independent Advisor Alliance’s holdings in Schwab US Dividend Equity ETF were worth $4,034,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in SCHD. Mountain Hill Investment Partners Corp. boosted its holdings in shares of Schwab US Dividend Equity ETF by 1,241.8% during the 4th 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 during the last quarter. Merrithew & Thorsten Inc bought a new stake in Schwab US Dividend Equity ETF in the 4th quarter worth approximately $25,000. Biltmore Family Office LLC grew its position in Schwab US Dividend Equity ETF by 116.4% in the 3rd quarter. Biltmore Family Office LLC now owns 974 shares of the company’s stock worth $27,000 after purchasing an additional 524 shares during the period. Field & Main Bank bought a new stake in Schwab US Dividend Equity ETF in the 4th quarter worth approximately $29,000. Finally, Dynamic Wealth Strategies LLC bought a new stake in Schwab US Dividend Equity ETF in the 4th quarter worth approximately $29,000.

Schwab US Dividend Equity ETF Stock Performance

Schwab US Dividend Equity ETF stock opened at $31.75 on Thursday. The stock has a market cap of $90.13 billion, a PE ratio of 14.57 and a beta of 0.68. Schwab US Dividend Equity ETF has a one year low of $25.69 and a one year high of $32.13. The stock has a fifty day moving average of $31.00 and a 200 day moving average of $29.41.

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.