Thompson Investment Management Inc. Acquires New Shares in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Thompson Investment Management Inc. bought a new stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,169 shares of the company’s stock, valued at approximately $59,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SCHD. Sumitomo Life Insurance Co. grew its holdings in Schwab US Dividend Equity ETF by 200.0% during the fourth quarter. Sumitomo Life Insurance Co. now owns 26,820,000 shares of the company’s stock valued at $732,722,000 after purchasing an additional 17,880,000 shares during the period. LPL Financial LLC boosted its position in shares of Schwab US Dividend Equity ETF by 3.1% during the third quarter. LPL Financial LLC now owns 11,531,390 shares of the company’s stock worth $974,748,000 after purchasing an additional 350,872 shares in the last quarter. Orgel Wealth Management LLC grew its holdings in shares of Schwab US Dividend Equity ETF by 159.8% in the 4th quarter. Orgel Wealth Management LLC now owns 11,062,243 shares of the company’s stock valued at $302,220,000 after buying an additional 6,804,908 shares during the period. Keystone Financial Planning Inc. grew its holdings in shares of 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 buying an additional 3,506,729 shares during the period. Finally, HHM Wealth Advisors LLC increased its position in shares of Schwab US Dividend Equity ETF by 207.3% in the 4th quarter. HHM Wealth Advisors LLC now owns 4,872,578 shares of the company’s stock valued at $133,119,000 after buying an additional 3,286,917 shares in the last quarter.

Schwab US Dividend Equity ETF Trading Down 0.7 %

Shares of Schwab US Dividend Equity ETF stock opened at $27.56 on Monday. Schwab US Dividend Equity ETF has a 12 month low of $25.16 and a 12 month high of $29.72. The company has a market capitalization of $19.33 billion, a PE ratio of 15.04 and a beta of 0.74. The stock’s fifty day simple moving average is $27.85 and its 200 day simple moving average is $27.98.

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.