Focus Financial Network Inc. Buys 2,158,136 Shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Focus Financial Network Inc. increased its stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 210.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,183,816 shares of the company’s stock after purchasing an additional 2,158,136 shares during the quarter. Schwab US Dividend Equity ETF makes up approximately 3.5% of Focus Financial Network Inc.’s holdings, making the stock its 5th largest holding. Focus Financial Network Inc.’s holdings in Schwab US Dividend Equity ETF were worth $86,982,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. Sumitomo Life Insurance Co. grew its holdings in shares of 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 worth $732,722,000 after buying an additional 17,880,000 shares in the last quarter. LPL Financial LLC boosted its position in Schwab US Dividend Equity ETF by 3.1% during the third quarter. LPL Financial LLC now owns 11,531,390 shares of the company’s stock worth $974,748,000 after acquiring an additional 350,872 shares during the last quarter. Orgel Wealth Management LLC boosted its position in Schwab US Dividend Equity ETF by 159.8% during the fourth quarter. Orgel Wealth Management LLC now owns 11,062,243 shares of the company’s stock worth $302,220,000 after acquiring an additional 6,804,908 shares during the last quarter. Keystone Financial Planning Inc. grew 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 worth $146,589,000 after acquiring an additional 3,506,729 shares during the period. Finally, HHM Wealth Advisors LLC raised its holdings in Schwab US Dividend Equity ETF by 207.3% in the 4th quarter. HHM Wealth Advisors LLC now owns 4,872,578 shares of the company’s stock valued at $133,119,000 after acquiring an additional 3,286,917 shares during the last quarter.

Schwab US Dividend Equity ETF Stock Up 0.4 %

SCHD stock opened at $27.68 on Tuesday. The stock has a market capitalization of $19.42 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 $25.16 and a 52-week high of $29.72. The stock’s fifty day simple moving average is $27.85 and its 200-day simple moving average is $27.99.

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.