Avidian Wealth Enterprises LLC Has $4.01 Million Stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Avidian Wealth Enterprises LLC grew its holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 230.8% in the 4th quarter, Holdings Channel reports. The fund owned 146,742 shares of the company’s stock after purchasing an additional 102,377 shares during the quarter. Avidian Wealth Enterprises LLC’s holdings in Schwab US Dividend Equity ETF were worth $4,009,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Kennebec Savings Bank bought a new stake in Schwab US Dividend Equity ETF during the 3rd quarter worth approximately $31,000. Legacy Investment Solutions LLC bought a new position in Schwab US Dividend Equity ETF in the third quarter valued at approximately $34,000. Barrett & Company Inc. acquired a new position in shares of Schwab US Dividend Equity ETF in the third quarter valued at approximately $34,000. Cassady Schiller Wealth Management LLC bought a new stake in shares of Schwab US Dividend Equity ETF during the third quarter worth $38,000. Finally, Phillips Financial Management LLC increased its position in shares of Schwab US Dividend Equity ETF by 144.8% during the third quarter. Phillips Financial Management LLC now owns 661 shares of the company’s stock worth $56,000 after acquiring an additional 391 shares in the last quarter.

Schwab US Dividend Equity ETF Trading Up 0.7 %

SCHD opened at $27.87 on Wednesday. The stock has a market capitalization of $19.55 billion, a P/E ratio of 15.04 and a beta of 0.74. Schwab US Dividend Equity ETF has a 12 month low of $25.16 and a 12 month high of $29.72. The firm’s fifty day simple moving average is $27.81 and its 200 day simple moving average is $27.99.

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.