Schwab US Dividend Equity ETF (NYSEARCA:SCHD) Shares Purchased by Founders Financial Alliance LLC

Founders Financial Alliance LLC increased its holdings in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 192.5% during the fourth quarter, HoldingsChannel reports. The fund owned 44,978 shares of the company’s stock after buying an additional 29,603 shares during the period. Founders Financial Alliance LLC’s holdings in Schwab US Dividend Equity ETF were worth $1,229,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SCHD. Raymond James Financial Inc. acquired a new position in Schwab US Dividend Equity ETF during the fourth quarter worth $592,939,000. Sumitomo Life Insurance Co. grew its holdings in 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 worth $732,722,000 after acquiring an additional 17,880,000 shares during the period. Wealthspire Advisors LLC grew its holdings in 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 worth $413,737,000 after acquiring an additional 10,024,156 shares during the period. Orgel Wealth Management LLC grew its holdings in 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 worth $302,220,000 after acquiring an additional 6,804,908 shares during the period. Finally, Cassaday & Co Wealth Management LLC grew its holdings in Schwab US Dividend Equity ETF by 210.2% during the fourth quarter. Cassaday & Co Wealth Management LLC now owns 5,755,912 shares of the company’s stock worth $157,252,000 after acquiring an additional 3,900,238 shares during the period.

Schwab US Dividend Equity ETF Price Performance

Shares of SCHD stock opened at $28.38 on Tuesday. The business’s fifty day moving average price is $27.87 and its 200 day moving average price is $28.14. 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 market capitalization of $70.38 billion, a PE ratio of 17.56 and a beta of 0.86.

Schwab US Dividend Equity ETF Company 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.