Apriem Advisors Boosts Stock Position in Schwab US Dividend Equity ETF $SCHD

Apriem Advisors raised its stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 11.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 792,245 shares of the company’s stock after buying an additional 83,609 shares during the quarter. Schwab US Dividend Equity ETF comprises about 2.0% of Apriem Advisors’ investment portfolio, making the stock its 12th biggest holding. Apriem Advisors’ holdings in Schwab US Dividend Equity ETF were worth $21,628,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the stock. Biltmore Family Office LLC raised its position in shares of Schwab US Dividend Equity ETF by 116.4% in the 3rd quarter. Biltmore Family Office LLC now owns 974 shares of the company’s stock worth $27,000 after purchasing an additional 524 shares during the last quarter. Independence Bank of Kentucky bought a new stake in Schwab US Dividend Equity ETF during the 3rd quarter valued at about $41,000. True Wealth Design LLC increased its stake in Schwab US Dividend Equity ETF by 42.9% during the 3rd quarter. True Wealth Design LLC now owns 1,500 shares of the company’s stock valued at $41,000 after purchasing an additional 450 shares in the last quarter. Total Investment Management Inc. purchased a new position in Schwab US Dividend Equity ETF in the second quarter worth about $43,000. Finally, Morton Brown Family Wealth LLC raised its holdings in Schwab US Dividend Equity ETF by 41.2% in the third quarter. Morton Brown Family Wealth LLC now owns 1,635 shares of the company’s stock worth $45,000 after buying an additional 477 shares during the last quarter.

Schwab US Dividend Equity ETF Stock Performance

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

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.