Schwab US Dividend Equity ETF (NYSEARCA:SCHD) Stock Position Lifted by Morris Financial Concepts Inc.

Morris Financial Concepts Inc. lifted its holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 200.0% in the 4th quarter, HoldingsChannel reports. The firm owned 10,545 shares of the company’s stock after purchasing an additional 7,030 shares during the quarter. Morris Financial Concepts Inc.’s holdings in Schwab US Dividend Equity ETF were worth $288,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of SCHD. Alpha Financial Partners LLC bought a new position in Schwab US Dividend Equity ETF during the third quarter valued at about $1,283,000. Procyon Advisors LLC boosted its stake in Schwab US Dividend Equity ETF by 8.3% during the third quarter. Procyon Advisors LLC now owns 5,745 shares of the company’s stock valued at $486,000 after buying an additional 442 shares in the last quarter. Creative Planning boosted its stake in Schwab US Dividend Equity ETF by 1.9% during the third quarter. Creative Planning now owns 1,341,298 shares of the company’s stock valued at $113,380,000 after buying an additional 24,491 shares in the last quarter. Magnus Financial Group LLC boosted its stake in Schwab US Dividend Equity ETF by 25.0% during the third quarter. Magnus Financial Group LLC now owns 7,273 shares of the company’s stock valued at $615,000 after buying an additional 1,454 shares in the last quarter. Finally, Prospect Financial Services LLC boosted its stake in Schwab US Dividend Equity ETF by 21.1% during the third quarter. Prospect Financial Services LLC now owns 14,074 shares of the company’s stock valued at $1,190,000 after buying an additional 2,452 shares in the last quarter.

Schwab US Dividend Equity ETF Stock Down 0.8 %

NYSEARCA:SCHD opened at $27.65 on Thursday. Schwab US Dividend Equity ETF has a 1-year low of $25.16 and a 1-year high of $29.72. The firm has a market capitalization of $19.40 billion, a price-to-earnings ratio of 15.04 and a beta of 0.74. The stock has a fifty day simple moving average of $27.79 and a 200 day simple moving average of $28.00.

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.