Clearstead Trust LLC Buys 68,157 Shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Clearstead Trust LLC lifted its stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 295.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 91,223 shares of the company’s stock after acquiring an additional 68,157 shares during the quarter. Clearstead Trust LLC’s holdings in Schwab US Dividend Equity ETF were worth $2,492,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also added to or reduced their stakes in SCHD. Raymond James Financial Inc. acquired a new stake in Schwab US Dividend Equity ETF during the fourth quarter worth approximately $592,939,000. Sumitomo Life Insurance Co. grew its stake 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 worth $732,722,000 after purchasing an additional 17,880,000 shares during the period. Avantax Advisory Services Inc. grew its stake in 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. Wealthspire Advisors LLC grew its stake in 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 grew its stake in 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 Price Performance

NYSEARCA SCHD opened at $27.64 on Friday. The business has a 50 day simple moving average of $27.89 and a 200 day simple moving average of $28.13. Schwab US Dividend Equity ETF has a one year low of $25.18 and a one year high of $29.72. The stock has a market capitalization of $68.55 billion, a P/E ratio of 17.56 and a beta of 0.86.

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.