Rainey & Randall Wealth Advisors Inc. Raises Stock Holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Rainey & Randall Wealth Advisors Inc. raised its position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 201.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 26,338 shares of the company’s stock after buying an additional 17,588 shares during the quarter. Schwab US Dividend Equity ETF comprises approximately 0.1% of Rainey & Randall Wealth Advisors Inc.’s portfolio, making the stock its 29th biggest position. Rainey & Randall Wealth Advisors Inc.’s holdings in Schwab US Dividend Equity ETF were worth $720,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of SCHD. Sumitomo Life Insurance Co. lifted its position in Schwab US Dividend Equity ETF by 200.0% during the 4th quarter. Sumitomo Life Insurance Co. now owns 26,820,000 shares of the company’s stock valued at $732,722,000 after acquiring an additional 17,880,000 shares during the period. LPL Financial LLC lifted its holdings 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 valued at $974,748,000 after purchasing an additional 350,872 shares during the last quarter. Orgel Wealth Management LLC boosted its position in shares of Schwab US Dividend Equity ETF by 159.8% in the 4th quarter. Orgel Wealth Management LLC now owns 11,062,243 shares of the company’s stock worth $302,220,000 after purchasing an additional 6,804,908 shares in the last quarter. Cassaday & Co Wealth Management LLC grew its stake in shares of Schwab US Dividend Equity ETF by 210.2% in the 4th quarter. Cassaday & Co Wealth Management LLC now owns 5,755,912 shares of the company’s stock worth $157,252,000 after buying an additional 3,900,238 shares during the last quarter. Finally, Keystone Financial Planning Inc. increased its position in Schwab US Dividend Equity ETF by 188.6% during the 4th quarter. Keystone Financial Planning Inc. now owns 5,365,627 shares of the company’s stock valued at $146,589,000 after buying an additional 3,506,729 shares in the last quarter.

Schwab US Dividend Equity ETF Trading Down 0.4 %

Shares of NYSEARCA:SCHD opened at $28.21 on Friday. The stock has a fifty day simple moving average of $27.69 and a two-hundred day simple moving average of $28.03. Schwab US Dividend Equity ETF has a 12-month low of $25.18 and a 12-month high of $29.72. The stock has a market capitalization 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.