Schwab US Dividend Equity ETF (NYSEARCA:SCHD) Position Lifted by ETF Store Inc.

ETF Store Inc. raised its stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 249.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 36,474 shares of the company’s stock after acquiring an additional 26,030 shares during the quarter. Schwab US Dividend Equity ETF makes up 1.2% of ETF Store Inc.’s portfolio, making the stock its 20th biggest position. ETF Store Inc.’s holdings in Schwab US Dividend Equity ETF were worth $996,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Sumitomo Life Insurance Co. raised its holdings in shares of 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 worth $732,722,000 after purchasing an additional 17,880,000 shares during the period. Avantax Advisory Services Inc. raised its holdings in shares of Schwab US Dividend Equity ETF by 205.8% during the fourth quarter. Avantax Advisory Services Inc. now owns 26,003,626 shares of the company’s stock worth $710,419,000 after purchasing an additional 17,501,170 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Schwab US Dividend Equity ETF during the fourth quarter worth $592,939,000. Wealthspire Advisors LLC raised its holdings in shares of Schwab US Dividend Equity ETF by 195.8% during the fourth quarter. Wealthspire Advisors LLC now owns 15,144,112 shares of the company’s stock worth $413,737,000 after purchasing an additional 10,024,156 shares during the period. Finally, Commonwealth Equity Services LLC raised its holdings in shares of Schwab US Dividend Equity ETF by 206.7% during the fourth quarter. Commonwealth Equity Services LLC now owns 13,130,560 shares of the company’s stock worth $358,727,000 after purchasing an additional 8,848,668 shares during the period.

Schwab US Dividend Equity ETF Stock Performance

Shares of NYSEARCA:SCHD opened at $27.29 on Friday. The stock has a market capitalization of $67.68 billion, a price-to-earnings ratio of 17.56 and a beta of 0.86. Schwab US Dividend Equity ETF has a 1-year low of $25.18 and a 1-year high of $29.72. The company’s fifty day moving average is $27.88 and its two-hundred day moving average is $28.13.

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.