Madison Park Capital Advisors LLC Takes $1.66 Million Position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Madison Park Capital Advisors LLC purchased a new stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 21,794 shares of the company’s stock, valued at approximately $1,659,000. Schwab US Dividend Equity ETF comprises approximately 1.6% of Madison Park Capital Advisors LLC’s investment portfolio, making the stock its 20th largest holding.

Other institutional investors have also recently made changes to their positions in the company. Raleigh Capital Management Inc. purchased a new stake in Schwab US Dividend Equity ETF during the 3rd quarter valued at $28,000. Bear Mountain Capital Inc. purchased a new position in shares of Schwab US Dividend Equity ETF in the fourth quarter valued at about $34,000. Howe & Rusling Inc. lifted its position in shares of Schwab US Dividend Equity ETF by 209.8% in the third quarter. Howe & Rusling Inc. now owns 508 shares of the company’s stock valued at $36,000 after acquiring an additional 344 shares in the last quarter. Carmel Capital Partners LLC purchased a new stake in shares of Schwab US Dividend Equity ETF in the third quarter worth about $39,000. Finally, WestHill Financial Advisors Inc. lifted its position in shares of Schwab US Dividend Equity ETF by 106.3% in the third quarter. WestHill Financial Advisors Inc. now owns 619 shares of the company’s stock worth $44,000 after buying an additional 319 shares in the last quarter.

Schwab US Dividend Equity ETF Stock Up 0.6 %

NYSEARCA SCHD traded up $0.48 during trading hours on Tuesday, hitting $77.72. 2,505,684 shares of the company were exchanged, compared to its average volume of 3,649,406. The stock has a 50-day moving average price of $78.25 and a 200 day moving average price of $75.11. Schwab US Dividend Equity ETF has a 52 week low of $66.67 and a 52 week high of $80.82. The stock has a market cap of $54.46 billion, a PE ratio of 15.00 and a beta of 0.79.

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.