Schwab US Dividend Equity ETF (NYSEARCA:SCHD) Shares Bought by Wealthspire Advisors LLC

Wealthspire Advisors LLC lifted its position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 195.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,144,112 shares of the company’s stock after buying an additional 10,024,156 shares during the quarter. Schwab US Dividend Equity ETF makes up 4.1% of Wealthspire Advisors LLC’s investment portfolio, making the stock its 5th largest position. Wealthspire Advisors LLC owned about 2.16% of Schwab US Dividend Equity ETF worth $413,737,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Central Pacific Bank Trust Division grew its holdings in Schwab US Dividend Equity ETF by 200.0% in the fourth quarter. Central Pacific Bank Trust Division now owns 906 shares of the company’s stock valued at $25,000 after purchasing an additional 604 shares during the period. Hoese & Co LLP purchased a new stake in Schwab US Dividend Equity ETF in the fourth quarter valued at approximately $26,000. IFS Advisors LLC grew its holdings in Schwab US Dividend Equity ETF by 184.4% in the fourth quarter. IFS Advisors LLC now owns 1,078 shares of the company’s stock valued at $29,000 after purchasing an additional 699 shares during the period. Kennebec Savings Bank purchased a new stake in Schwab US Dividend Equity ETF in the third quarter valued at approximately $31,000. Finally, Olistico Wealth LLC grew its holdings in Schwab US Dividend Equity ETF by 202.2% in the fourth quarter. Olistico Wealth LLC now owns 1,118 shares of the company’s stock valued at $31,000 after purchasing an additional 748 shares during the period.

Schwab US Dividend Equity ETF Stock Performance

Schwab US Dividend Equity ETF stock opened at $28.21 on Friday. Schwab US Dividend Equity ETF has a 1 year low of $25.18 and a 1 year high of $29.72. The firm has a 50 day moving average price of $27.69 and a 200 day moving average price of $28.03. The company has a market cap of $69.11 billion, a price-to-earnings ratio of 17.48 and a beta of 0.88.

Schwab US Dividend Equity ETF 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.