Schwab US Dividend Equity ETF (NYSEARCA:SCHD) Stock Position Raised by Pillar Wealth Advisors LLC

Pillar Wealth Advisors LLC lifted its holdings in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 39.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 32,904 shares of the company’s stock after buying an additional 9,306 shares during the period. Schwab US Dividend Equity ETF accounts for approximately 1.9% of Pillar Wealth Advisors LLC’s holdings, making the stock its 12th biggest position. Pillar Wealth Advisors LLC’s holdings in Schwab US Dividend Equity ETF were worth $2,505,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. LPL Financial LLC boosted its stake in Schwab US Dividend Equity ETF by 4.7% during the 3rd quarter. LPL Financial LLC now owns 11,272,535 shares of the company’s stock valued at $797,645,000 after purchasing an additional 503,970 shares during the period. Avantax Advisory Services Inc. boosted its stake in Schwab US Dividend Equity ETF by 3.7% during the 3rd quarter. Avantax Advisory Services Inc. now owns 7,458,984 shares of the company’s stock valued at $527,798,000 after purchasing an additional 266,516 shares during the period. Envestnet Asset Management Inc. boosted its stake in Schwab US Dividend Equity ETF by 2.6% during the 3rd quarter. Envestnet Asset Management Inc. now owns 5,778,626 shares of the company’s stock valued at $408,896,000 after purchasing an additional 145,168 shares during the period. Raymond James Financial Services Advisors Inc. boosted its stake in Schwab US Dividend Equity ETF by 1.9% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 5,188,556 shares of the company’s stock valued at $367,142,000 after purchasing an additional 96,234 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in Schwab US Dividend Equity ETF by 2.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,349,008 shares of the company’s stock valued at $307,736,000 after purchasing an additional 95,086 shares during the period.

Schwab US Dividend Equity ETF Stock Performance

Shares of NYSEARCA:SCHD traded down $0.98 during trading on Tuesday, reaching $76.94. The company had a trading volume of 2,423,490 shares, compared to its average volume of 3,594,438. The firm’s fifty day moving average is $78.32 and its 200 day moving average is $75.31. The firm has a market capitalization of $53.82 billion, a PE ratio of 14.82 and a beta of 0.77. Schwab US Dividend Equity ETF has a twelve month low of $66.67 and a twelve month high of $80.82.

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.