Financial Perspectives Inc Raises Stock Holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Financial Perspectives Inc increased its stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 291.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,249 shares of the company’s stock after purchasing an additional 19,540 shares during the quarter. Financial Perspectives Inc’s holdings in Schwab US Dividend Equity ETF were worth $717,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in SCHD. Sumitomo Life Insurance Co. raised its stake in Schwab US Dividend Equity ETF by 200.0% in the fourth quarter. Sumitomo Life Insurance Co. now owns 26,820,000 shares of the company’s stock valued at $732,722,000 after buying an additional 17,880,000 shares during the last quarter. LPL Financial LLC grew its holdings in 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 acquiring an additional 350,872 shares during the period. Orgel Wealth Management LLC grew its holdings in Schwab US Dividend Equity ETF by 159.8% during the fourth quarter. Orgel Wealth Management LLC now owns 11,062,243 shares of the company’s stock worth $302,220,000 after acquiring an additional 6,804,908 shares during the period. Keystone Financial Planning Inc. grew its holdings in Schwab US Dividend Equity ETF by 188.6% during 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 period. Finally, HHM Wealth Advisors LLC grew its holdings in Schwab US Dividend Equity ETF by 207.3% during the fourth 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 during the period.

Schwab US Dividend Equity ETF Stock Up 0.7 %

Schwab US Dividend Equity ETF stock opened at $27.99 on Wednesday. The firm has a market cap of $68.58 billion, a price-to-earnings ratio of 17.48 and a beta of 0.88. Schwab US Dividend Equity ETF has a 52 week low of $25.18 and a 52 week high of $29.72. The business’s 50-day moving average price is $27.70 and its 200 day moving average price is $28.01.

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.