Financial Advisors LLC Invests $293,000 in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Financial Advisors LLC bought a new stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 10,711 shares of the company’s stock, valued at approximately $293,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. LPL Financial LLC raised its stake in shares of 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 purchasing an additional 350,872 shares in the last quarter. Orgel Wealth Management LLC increased its stake in shares of 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 purchasing an additional 6,804,908 shares during the last quarter. Keystone Financial Planning Inc. lifted its stake in 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 valued at $146,589,000 after purchasing an additional 3,506,729 shares during the last quarter. Commonwealth Equity Services LLC increased its position in Schwab US Dividend Equity ETF by 7.5% during the third 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. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in shares of Schwab US Dividend Equity ETF by 2.9% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 3,629,338 shares of the company’s stock worth $306,788,000 after acquiring an additional 101,637 shares during the period.

Schwab US Dividend Equity ETF Stock Performance

Shares of SCHD stock opened at $27.99 on Friday. The company has a market capitalization of $19.63 billion, a price-to-earnings ratio of 15.04 and a beta of 0.74. Schwab US Dividend Equity ETF has a 52 week low of $25.03 and a 52 week high of $29.72. The company has a 50-day simple moving average of $28.19 and a 200 day simple moving average of $27.82.

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.