Schwab US Dividend Equity ETF (NYSEARCA:SCHD) Shares Bought by Moran Wealth Management LLC

Moran Wealth Management LLC increased its stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 326.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 150,921 shares of the company’s stock after acquiring an additional 115,552 shares during the quarter. Moran Wealth Management LLC’s holdings in Schwab US Dividend Equity ETF were worth $4,123,000 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. raised its holdings in shares of Schwab US Dividend Equity ETF by 200.0% during the fourth 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. Raymond James Financial Inc. acquired a new stake in shares of Schwab US Dividend Equity ETF during the fourth quarter valued at approximately $592,939,000. Wealthspire Advisors LLC raised its holdings in shares of Schwab US Dividend Equity ETF by 195.8% during the fourth quarter. Wealthspire Advisors LLC now owns 15,144,112 shares of the company’s stock valued at $413,737,000 after acquiring an additional 10,024,156 shares during the period. LPL Financial LLC raised 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 acquiring an additional 350,872 shares during the period. Finally, Orgel Wealth Management LLC raised its holdings in shares of 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 valued at $302,220,000 after acquiring an additional 6,804,908 shares during the period.

Schwab US Dividend Equity ETF Price Performance

SCHD stock opened at $28.38 on Tuesday. Schwab US Dividend Equity ETF has a 52-week low of $25.18 and a 52-week high of $29.72. The company’s 50 day simple moving average is $27.87 and its 200-day simple moving average is $28.14. The firm has a market capitalization of $70.38 billion, a P/E ratio of 17.56 and a beta of 0.86.

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.