LifeSteps Financial Inc. Boosts Stock Holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

LifeSteps Financial Inc. lifted its position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 218.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 67,403 shares of the company’s stock after purchasing an additional 46,229 shares during the period. Schwab US Dividend Equity ETF comprises about 1.4% of LifeSteps Financial Inc.’s portfolio, making the stock its 19th biggest holding. LifeSteps Financial Inc.’s holdings in Schwab US Dividend Equity ETF were worth $1,841,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Sumitomo Life Insurance Co. grew its holdings 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 during the period. Orgel Wealth Management LLC grew its stake in Schwab US Dividend Equity ETF by 159.8% in the 4th 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. Cassaday & Co Wealth Management LLC increased its holdings in Schwab US Dividend Equity ETF by 210.2% in the 4th 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 in the last quarter. Strategic Financial Concepts LLC increased its holdings in Schwab US Dividend Equity ETF by 9,346.2% in the 4th quarter. Strategic Financial Concepts LLC now owns 3,576,526 shares of the company’s stock worth $97,711,000 after acquiring an additional 3,538,664 shares in the last quarter. Finally, Keystone Financial Planning Inc. raised its position 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 during the period.

Schwab US Dividend Equity ETF Stock Down 0.4 %

Shares of NYSEARCA SCHD opened at $28.21 on Friday. The firm has a market cap of $69.11 billion, a price-to-earnings ratio of 17.48 and a beta of 0.88. The company’s 50-day simple moving average is $27.69 and its 200-day simple moving average is $28.02. Schwab US Dividend Equity ETF has a 52-week low of $25.18 and a 52-week high of $29.72.

Schwab US Dividend Equity ETF 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.