First Horizon Advisors Inc. Acquires 580 Shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

First Horizon Advisors Inc. grew its holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 290.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 780 shares of the company’s stock after purchasing an additional 580 shares during the period. First Horizon Advisors Inc.’s holdings in Schwab US Dividend Equity ETF were worth $59,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Sumitomo Life Insurance Co. purchased a new stake in Schwab US Dividend Equity ETF during the 4th quarter valued at $228,390,000. International Assets Investment Management LLC bought a new position in Schwab US Dividend Equity ETF in the fourth quarter valued at about $89,561,000. LPL Financial LLC boosted its position in Schwab US Dividend Equity ETF by 4.7% in the third quarter. LPL Financial LLC now owns 11,272,535 shares of the company’s stock worth $797,645,000 after purchasing an additional 503,970 shares during the last quarter. DDD Partners LLC grew its stake in shares of Schwab US Dividend Equity ETF by 12,161.9% during the 4th quarter. DDD Partners LLC now owns 488,148 shares of the company’s stock valued at $37,163,000 after purchasing an additional 484,167 shares during the period. Finally, HighTower Advisors LLC increased its position in shares of Schwab US Dividend Equity ETF by 34.1% during the 3rd quarter. HighTower Advisors LLC now owns 1,874,088 shares of the company’s stock valued at $132,545,000 after purchasing an additional 476,951 shares during the last quarter.

Schwab US Dividend Equity ETF Trading Up 0.1 %

SCHD opened at $78.24 on Wednesday. The company’s 50 day moving average is $78.33 and its 200 day moving average is $75.61. The company has a market cap of $54.73 billion, a price-to-earnings ratio of 14.82 and a beta of 0.77. Schwab US Dividend Equity ETF has a 12-month low of $66.67 and a 12-month high of $80.82.

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.