Arax Advisory Partners Invests $5.08 Million in Schwab US Dividend Equity ETF $SCHD

Arax Advisory Partners purchased a new position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 184,903 shares of the company’s stock, valued at approximately $5,077,000.

A number of other institutional investors also recently made changes to their positions in the stock. Sumitomo Life Insurance Co. acquired a new position in Schwab US Dividend Equity ETF in the third quarter valued at $847,665,000. Cassaday & Co Wealth Management LLC increased its stake in Schwab US Dividend Equity ETF by 52.2% in the fourth quarter. Cassaday & Co Wealth Management LLC now owns 9,244,248 shares of the company’s stock valued at $253,570,000 after purchasing an additional 3,170,728 shares during the last quarter. Cibc World Market Inc. increased its stake in Schwab US Dividend Equity ETF by 31.8% in the fourth quarter. Cibc World Market Inc. now owns 7,022,759 shares of the company’s stock valued at $192,634,000 after purchasing an additional 1,694,144 shares during the last quarter. Keudell Morrison Wealth Management acquired a new position in Schwab US Dividend Equity ETF in the fourth quarter valued at $43,773,000. Finally, Evergreen Advisors LLC acquired a new position in Schwab US Dividend Equity ETF in the fourth quarter valued at $41,630,000.

Schwab US Dividend Equity ETF Stock Performance

Schwab US Dividend Equity ETF stock opened at $32.82 on Monday. The firm has a market capitalization of $93.17 billion, a P/E ratio of 14.57 and a beta of 0.67. The stock has a fifty day moving average price of $31.68 and a 200 day moving average price of $30.26. Schwab US Dividend Equity ETF has a 52 week low of $26.16 and a 52 week high of $32.92.

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.