Howard Financial Services LTD. Increases Position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Howard Financial Services LTD. increased its stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 207.6% in the fourth quarter, HoldingsChannel reports. The fund owned 2,021,759 shares of the company’s stock after purchasing an additional 1,364,511 shares during the period. Schwab US Dividend Equity ETF makes up about 7.5% of Howard Financial Services LTD.’s portfolio, making the stock its 2nd biggest position. Howard Financial Services LTD.’s holdings in Schwab US Dividend Equity ETF were worth $55,234,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of SCHD. LPL Financial LLC raised its holdings in Schwab US Dividend Equity ETF by 3.1% in the 3rd quarter. LPL Financial LLC now owns 11,531,390 shares of the company’s stock worth $974,748,000 after purchasing an additional 350,872 shares in the last quarter. Keystone Financial Planning Inc. increased its stake in shares of Schwab US Dividend Equity ETF by 188.6% in the 4th 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 in the last quarter. Commonwealth Equity Services LLC grew its stake in shares of Schwab US Dividend Equity ETF by 7.5% in the 3rd quarter. Commonwealth Equity Services LLC now owns 4,281,892 shares of the company’s stock worth $361,948,000 after buying an additional 297,674 shares during the last quarter. Orgel Wealth Management LLC increased its position in Schwab US Dividend Equity ETF by 1.7% during the 3rd quarter. Orgel Wealth Management LLC now owns 4,257,335 shares of the company’s stock valued at $359,873,000 after buying an additional 70,852 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its stake in Schwab US Dividend Equity ETF by 2.9% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 3,629,338 shares of the company’s stock valued at $306,788,000 after buying an additional 101,637 shares during the last quarter.

Schwab US Dividend Equity ETF Price Performance

Shares of NYSEARCA:SCHD opened at $27.99 on Friday. The company has a market capitalization of $19.63 billion, a PE ratio of 15.04 and a beta of 0.74. The business has a fifty day moving average price of $28.19 and a 200-day moving average price of $27.81. Schwab US Dividend Equity ETF has a 1-year low of $25.03 and a 1-year high of $29.72.

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.