Apriem Advisors Acquires 83,609 Shares of Schwab US Dividend Equity ETF $SCHD

Apriem Advisors increased its holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 11.8% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 792,245 shares of the company’s stock after purchasing an additional 83,609 shares during the period. Schwab US Dividend Equity ETF comprises about 2.0% of Apriem Advisors’ portfolio, making the stock its 12th largest holding. Apriem Advisors’ holdings in Schwab US Dividend Equity ETF were worth $21,628,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of SCHD. Advisory Resource Group boosted its stake in shares of Schwab US Dividend Equity ETF by 4.4% in the 2nd quarter. Advisory Resource Group now owns 59,500 shares of the company’s stock worth $1,577,000 after buying an additional 2,520 shares during the last quarter. First Command Advisory Services Inc. lifted its holdings in Schwab US Dividend Equity ETF by 7.6% in the third quarter. First Command Advisory Services Inc. now owns 1,107,033 shares of the company’s stock valued at $30,222,000 after acquiring an additional 77,785 shares during the period. BG Investment Services Inc. lifted its holdings in 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 valued at $1,695,000 after acquiring an additional 28,109 shares during the period. DMKC Advisory Services LLC boosted its position in Schwab US Dividend Equity ETF by 10.6% in the third quarter. DMKC Advisory Services LLC now owns 219,680 shares of the company’s stock worth $5,997,000 after purchasing an additional 20,989 shares during the last quarter. Finally, AE Wealth Management LLC grew its stake in shares of Schwab US Dividend Equity ETF by 13.2% during the 2nd quarter. AE Wealth Management LLC now owns 321,104 shares of the company’s stock valued at $8,509,000 after purchasing an additional 37,403 shares during the period.

Schwab US Dividend Equity ETF Stock Down 0.3%

NYSEARCA SCHD opened at $31.53 on Tuesday. The company has a 50-day moving average price of $29.27 and a 200-day moving average price of $27.97. Schwab US Dividend Equity ETF has a 52 week low of $23.87 and a 52 week high of $31.88. The firm has a market capitalization of $82.93 billion, a P/E ratio of 14.57 and a beta of 0.77.

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.