RFG Advisory LLC Acquires 507,780 Shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

RFG Advisory LLC increased its holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 209.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 750,119 shares of the company’s stock after buying an additional 507,780 shares during the period. Schwab US Dividend Equity ETF comprises approximately 0.6% of RFG Advisory LLC’s investment portfolio, making the stock its 28th biggest holding. RFG Advisory LLC owned about 0.11% of Schwab US Dividend Equity ETF worth $20,493,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. Silver Lake Advisory LLC lifted its stake in shares of Schwab US Dividend Equity ETF by 202.5% during the 4th quarter. Silver Lake Advisory LLC now owns 14,337 shares of the company’s stock worth $392,000 after purchasing an additional 9,598 shares during the last quarter. MFA Wealth Services purchased a new stake in shares of Schwab US Dividend Equity ETF during the fourth quarter valued at about $9,151,000. McGlone Suttner Wealth Management Inc. lifted its position in shares of Schwab US Dividend Equity ETF by 168.3% during the fourth quarter. McGlone Suttner Wealth Management Inc. now owns 39,998 shares of the company’s stock valued at $1,093,000 after buying an additional 25,089 shares during the last quarter. Financial Partners Group LLC boosted its holdings in shares of Schwab US Dividend Equity ETF by 201.0% in the 4th quarter. Financial Partners Group LLC now owns 23,228 shares of the company’s stock valued at $635,000 after buying an additional 15,510 shares in the last quarter. Finally, Cornerstone Wealth Management LLC grew its position in shares of Schwab US Dividend Equity ETF by 209.7% in the 4th quarter. Cornerstone Wealth Management LLC now owns 32,073 shares of the company’s stock worth $876,000 after buying an additional 21,718 shares during the last quarter.

Schwab US Dividend Equity ETF Stock Up 0.6 %

NYSEARCA:SCHD opened at $28.09 on Friday. The firm has a 50 day moving average of $28.13 and a 200 day moving average of $27.87. Schwab US Dividend Equity ETF has a 52 week low of $25.16 and a 52 week high of $29.72. The stock has a market capitalization of $19.71 billion, a price-to-earnings ratio of 15.04 and a beta of 0.74.

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.