Beacon Advisors Holdings LLC Purchases New Position in Schwab US Dividend Equity ETF $SCHD

Beacon Advisors Holdings LLC purchased a new stake 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 229,827 shares of the company’s stock, valued at approximately $6,304,000. Schwab US Dividend Equity ETF comprises approximately 3.3% of Beacon Advisors Holdings LLC’s portfolio, making the stock its 14th largest holding.

Several other large investors have also modified their holdings of SCHD. Sumitomo Life Insurance Co. acquired a new stake in Schwab US Dividend Equity ETF during the 3rd quarter worth $847,665,000. Wells Fargo & Company MN lifted its holdings in shares of Schwab US Dividend Equity ETF by 5.7% in the 4th quarter. Wells Fargo & Company MN now owns 10,203,553 shares of the company’s stock valued at $279,883,000 after buying an additional 552,907 shares during the period. Avantax Planning Partners Inc. boosted its position in shares of Schwab US Dividend Equity ETF by 3.8% during the 4th quarter. Avantax Planning Partners Inc. now owns 10,106,223 shares of the company’s stock worth $277,214,000 after purchasing an additional 366,548 shares in the last quarter. Cassaday & Co Wealth Management LLC grew its position in Schwab US Dividend Equity ETF by 52.2% during the fourth quarter. Cassaday & Co Wealth Management LLC now owns 9,244,248 shares of the company’s stock worth $253,570,000 after buying an additional 3,170,728 shares during the period. Finally, Royal Bank of Canada grew its holdings in shares of Schwab US Dividend Equity ETF by 4.0% in the 4th quarter. Royal Bank of Canada now owns 7,995,065 shares of the company’s stock worth $219,304,000 after acquiring an additional 304,047 shares during the period.

Schwab US Dividend Equity ETF Stock Down 0.2%

Shares of SCHD stock opened at $31.86 on Friday. The business has a fifty day simple moving average of $31.82 and a 200-day simple moving average of $30.40. Schwab US Dividend Equity ETF has a fifty-two week low of $26.16 and a fifty-two week high of $32.92. The stock has a market cap of $90.44 billion, a P/E ratio of 14.57 and a beta of 0.67.

About Schwab US Dividend Equity ETF

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.