Sunbelt Securities Inc. Buys 308,483 Shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Sunbelt Securities Inc. raised its stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 257.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 428,403 shares of the company’s stock after purchasing an additional 308,483 shares during the period. Schwab US Dividend Equity ETF accounts for 1.0% of Sunbelt Securities Inc.’s portfolio, making the stock its 14th largest holding. Sunbelt Securities Inc.’s holdings in Schwab US Dividend Equity ETF were worth $11,665,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Bank of America Corp DE lifted its position in shares of Schwab US Dividend Equity ETF by 569.6% during the 4th quarter. Bank of America Corp DE now owns 49,630,784 shares of the company’s stock worth $1,355,913,000 after purchasing an additional 42,218,696 shares during the last quarter. LPL Financial LLC grew its holdings in Schwab US Dividend Equity ETF by 214.9% in the 4th quarter. LPL Financial LLC now owns 36,314,776 shares of the company’s stock valued at $992,120,000 after buying an additional 24,783,386 shares during the last quarter. Sumitomo Life Insurance Co. increased its position in Schwab US Dividend Equity ETF by 200.0% in the 4th quarter. Sumitomo Life Insurance Co. now owns 26,820,000 shares of the company’s stock worth $732,722,000 after buying an additional 17,880,000 shares during the period. Avantax Advisory Services Inc. lifted its holdings in shares of Schwab US Dividend Equity ETF by 205.8% during the fourth quarter. Avantax Advisory Services Inc. now owns 26,003,626 shares of the company’s stock worth $710,419,000 after buying an additional 17,501,170 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of Schwab US Dividend Equity ETF during the fourth quarter worth approximately $592,939,000.

Schwab US Dividend Equity ETF Trading Down 0.2%

SCHD opened at $25.96 on Friday. The business has a 50 day moving average of $26.22 and a 200-day moving average of $27.47. The stock has a market capitalization of $67.50 billion, a price-to-earnings ratio of 15.01 and a beta of 0.82. Schwab US Dividend Equity ETF has a 1-year low of $23.87 and a 1-year high of $29.72.

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.