Apriem Advisors Purchases 75,886 Shares of Schwab US Dividend Equity ETF $SCHD

Apriem Advisors lifted its position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 9.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 868,131 shares of the company’s stock after buying an additional 75,886 shares during the period. Schwab US Dividend Equity ETF makes up about 2.2% of Apriem Advisors’ portfolio, making the stock its 12th largest position. Apriem Advisors’ holdings in Schwab US Dividend Equity ETF were worth $23,813,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Mountain Hill Investment Partners Corp. grew its position in shares of Schwab US Dividend Equity ETF by 1,241.8% in the 4th quarter. Mountain Hill Investment Partners Corp. now owns 899 shares of the company’s stock worth $25,000 after buying an additional 832 shares during the last quarter. Merrithew & Thorsten Inc purchased a new position in shares of Schwab US Dividend Equity ETF in the 4th quarter worth approximately $25,000. Field & Main Bank purchased a new position in shares of Schwab US Dividend Equity ETF in the 4th quarter worth approximately $29,000. Dynamic Wealth Strategies LLC purchased a new position in shares of Schwab US Dividend Equity ETF in the 4th quarter worth approximately $29,000. Finally, Triumph Capital Management purchased a new position in shares of Schwab US Dividend Equity ETF in the 3rd quarter worth approximately $33,000.

Schwab US Dividend Equity ETF Stock Up 0.9%

Shares of Schwab US Dividend Equity ETF stock opened at $32.82 on Friday. The firm’s 50 day moving average price is $31.68 and its 200-day moving average price is $30.24. Schwab US Dividend Equity ETF has a 52-week low of $26.16 and a 52-week high of $32.92. The company has a market cap of $93.17 billion, a P/E ratio of 14.57 and a beta of 0.67.

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.