Investment Partners Asset Management Inc. Boosts Stock Holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Investment Partners Asset Management Inc. lifted its stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 161.7% in the fourth quarter, HoldingsChannel reports. The firm owned 21,348 shares of the company’s stock after acquiring an additional 13,190 shares during the quarter. Investment Partners Asset Management Inc.’s holdings in Schwab US Dividend Equity ETF were worth $583,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sumitomo Life Insurance Co. raised its position in Schwab US Dividend Equity ETF by 200.0% in the 4th 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 in the last quarter. LPL Financial LLC increased its stake 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 buying an additional 350,872 shares during the period. Orgel Wealth Management LLC raised its holdings in Schwab US Dividend Equity ETF by 159.8% in the fourth quarter. Orgel Wealth Management LLC now owns 11,062,243 shares of the company’s stock valued at $302,220,000 after acquiring an additional 6,804,908 shares in the last quarter. Keystone Financial Planning Inc. lifted its stake in Schwab US Dividend Equity ETF by 188.6% in the fourth quarter. Keystone Financial Planning Inc. now owns 5,365,627 shares of the company’s stock worth $146,589,000 after acquiring an additional 3,506,729 shares during the last quarter. Finally, HHM Wealth Advisors LLC grew its holdings in Schwab US Dividend Equity ETF by 207.3% during the 4th quarter. HHM Wealth Advisors LLC now owns 4,872,578 shares of the company’s stock worth $133,119,000 after acquiring an additional 3,286,917 shares in the last quarter.

Schwab US Dividend Equity ETF Trading Down 0.8 %

Shares of NYSEARCA:SCHD opened at $27.65 on Thursday. Schwab US Dividend Equity ETF has a 52 week low of $25.16 and a 52 week high of $29.72. The company’s 50 day moving average is $27.79 and its two-hundred day moving average is $28.00. The company has a market cap of $19.40 billion, a PE 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.