Riggs Asset Managment Co. Inc. Buys 1,634 Shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Riggs Asset Managment Co. Inc. grew its stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 202.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,441 shares of the company’s stock after acquiring an additional 1,634 shares during the quarter. Riggs Asset Managment Co. Inc.’s holdings in Schwab US Dividend Equity ETF were worth $66,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of SCHD. Sumitomo Life Insurance Co. increased 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 purchasing an additional 17,880,000 shares in the last quarter. LPL Financial LLC raised its stake in Schwab US Dividend Equity ETF by 3.1% during the 3rd quarter. LPL Financial LLC now owns 11,531,390 shares of the company’s stock worth $974,748,000 after buying an additional 350,872 shares during the period. Orgel Wealth Management LLC raised its stake in Schwab US Dividend Equity ETF by 159.8% during the 4th quarter. Orgel Wealth Management LLC now owns 11,062,243 shares of the company’s stock worth $302,220,000 after buying an additional 6,804,908 shares during the period. Keystone Financial Planning Inc. lifted 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 in the last quarter. Finally, Commonwealth Equity Services LLC grew its stake in Schwab US Dividend Equity ETF by 7.5% in the third quarter. Commonwealth Equity Services LLC now owns 4,281,892 shares of the company’s stock valued at $361,948,000 after acquiring an additional 297,674 shares during the period.

Schwab US Dividend Equity ETF Price Performance

NYSEARCA SCHD opened at $27.83 on Friday. Schwab US Dividend Equity ETF has a one year low of $25.16 and a one year high of $29.72. The firm has a market cap of $19.52 billion, a P/E ratio of 15.04 and a beta of 0.74. The stock’s 50-day moving average is $28.02 and its 200-day moving average is $27.96.

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.