AHL Investment Management Inc. Acquires 89,984 Shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

AHL Investment Management Inc. raised its stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 199.4% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 135,118 shares of the company’s stock after acquiring an additional 89,984 shares during the period. Schwab US Dividend Equity ETF accounts for about 2.6% of AHL Investment Management Inc.’s holdings, making the stock its 12th biggest holding. AHL Investment Management Inc.’s holdings in Schwab US Dividend Equity ETF were worth $3,691,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Orgel Wealth Management LLC increased its position in shares of Schwab US Dividend Equity ETF by 159.8% during the 4th quarter. Orgel Wealth Management LLC now owns 11,062,243 shares of the company’s stock worth $302,220,000 after purchasing an additional 6,804,908 shares during the last quarter. Keystone Financial Planning Inc. lifted its stake in Schwab US Dividend Equity ETF by 188.6% in the 4th quarter. Keystone Financial Planning Inc. now owns 5,365,627 shares of the company’s stock valued at $146,589,000 after purchasing an additional 3,506,729 shares during the last quarter. LVW Advisors LLC increased its position in Schwab US Dividend Equity ETF by 203.4% during the fourth quarter. LVW Advisors LLC now owns 3,597,636 shares of the company’s stock worth $98,287,000 after buying an additional 2,412,003 shares during the last quarter. Ameritas Advisory Services LLC raised its stake in Schwab US Dividend Equity ETF by 217.1% in the fourth quarter. Ameritas Advisory Services LLC now owns 2,173,729 shares of the company’s stock valued at $59,386,000 after buying an additional 1,488,281 shares during the period. Finally, Howard Financial Services LTD. boosted its stake in shares of Schwab US Dividend Equity ETF by 207.6% during the 4th quarter. Howard Financial Services LTD. now owns 2,021,759 shares of the company’s stock worth $55,234,000 after acquiring an additional 1,364,511 shares during the period.

Schwab US Dividend Equity ETF Stock Performance

Shares of SCHD stock opened at $27.99 on Monday. The company has a market capitalization of $19.63 billion, a price-to-earnings ratio of 15.04 and a beta of 0.74. Schwab US Dividend Equity ETF has a 52 week low of $25.03 and a 52 week high of $29.72. The company has a 50-day simple moving average of $28.19 and a 200 day simple moving average of $27.84.

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.