Paladin Advisory Group LLC Increases Stock Position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Paladin Advisory Group LLC increased its holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 211.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 143,791 shares of the company’s stock after purchasing an additional 97,599 shares during the period. Schwab US Dividend Equity ETF accounts for 3.0% of Paladin Advisory Group LLC’s holdings, making the stock its 7th biggest holding. Paladin Advisory Group LLC’s holdings in Schwab US Dividend Equity ETF were worth $3,928,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Sumitomo Life Insurance Co. boosted its position 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 valued at $732,722,000 after purchasing an additional 17,880,000 shares in the last quarter. LPL Financial LLC raised its position in shares of Schwab US Dividend Equity ETF by 3.1% in the 3rd quarter. LPL Financial LLC now owns 11,531,390 shares of the company’s stock valued at $974,748,000 after purchasing an additional 350,872 shares during the last quarter. Orgel Wealth Management LLC grew its position in 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. raised its holdings in shares of Schwab US Dividend Equity ETF by 188.6% in the fourth quarter. Keystone Financial Planning Inc. now owns 5,365,627 shares of the company’s stock worth $146,589,000 after buying an additional 3,506,729 shares during the last quarter. Finally, Commonwealth Equity Services LLC lifted its stake in shares of 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 period.

Schwab US Dividend Equity ETF Stock Up 0.3 %

Shares of NYSEARCA SCHD opened at $28.16 on Wednesday. The business’s 50 day moving average price is $28.08 and its 200 day moving average price is $27.94. Schwab US Dividend Equity ETF has a 52 week low of $25.16 and a 52 week high of $29.72. The firm has a market cap of $19.75 billion, a P/E ratio of 15.04 and a beta of 0.74.

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.