Panoramic Investment Advisors LLC Purchases 1,244 Shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Panoramic Investment Advisors LLC lifted its position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 1.3% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 96,787 shares of the company’s stock after buying an additional 1,244 shares during the period. Schwab US Dividend Equity ETF comprises 5.8% of Panoramic Investment Advisors LLC’s holdings, making the stock its 2nd largest position. Panoramic Investment Advisors LLC’s holdings in Schwab US Dividend Equity ETF were worth $7,804,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in SCHD. Charles Schwab Investment Advisory Inc. lifted its holdings in shares of Schwab US Dividend Equity ETF by 0.5% in the fourth quarter. Charles Schwab Investment Advisory Inc. now owns 9,680,868 shares of the company’s stock valued at $737,004,000 after purchasing an additional 45,013 shares in the last quarter. JPMorgan Chase & Co. boosted its position 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 worth $307,736,000 after acquiring an additional 95,086 shares during the last quarter. Royal Bank of Canada grew its stake in shares of Schwab US Dividend Equity ETF by 11.8% during the 3rd quarter. Royal Bank of Canada now owns 4,280,883 shares of the company’s stock worth $302,916,000 after acquiring an additional 451,744 shares in the last quarter. Orgel Wealth Management LLC raised its holdings in shares of Schwab US Dividend Equity ETF by 0.9% in the first quarter. Orgel Wealth Management LLC now owns 4,152,801 shares of the company’s stock valued at $334,840,000 after purchasing an additional 38,020 shares during the last quarter. Finally, Wells Fargo & Company MN raised its holdings in shares of Schwab US Dividend Equity ETF by 6.9% in the fourth quarter. Wells Fargo & Company MN now owns 3,652,298 shares of the company’s stock valued at $278,049,000 after purchasing an additional 235,941 shares during the last quarter.

Schwab US Dividend Equity ETF Stock Performance

Schwab US Dividend Equity ETF stock traded down $0.25 during mid-day trading on Tuesday, reaching $77.16. The company’s stock had a trading volume of 1,075,031 shares, compared to its average volume of 3,305,112. The business’s 50 day simple moving average is $78.12 and its 200 day simple moving average is $77.64. Schwab US Dividend Equity ETF has a 12 month low of $66.67 and a 12 month high of $80.82. The company has a market capitalization of $54.13 billion, a price-to-earnings ratio of 15.04 and a beta of 0.74.

Schwab US Dividend Equity ETF 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.