Schwab US Dividend Equity ETF (NYSEARCA:SCHD) is Richardson Capital Management LLC’s 2nd Largest Position

Richardson Capital Management LLC boosted its position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 203.2% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 1,397,211 shares of the company’s stock after purchasing an additional 936,444 shares during the period. Schwab US Dividend Equity ETF comprises 24.3% of Richardson Capital Management LLC’s investment portfolio, making the stock its 2nd biggest position. Richardson Capital Management LLC’s holdings in Schwab US Dividend Equity ETF were worth $38,172,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in SCHD. Sumitomo Life Insurance Co. raised its stake in shares of Schwab US Dividend Equity ETF by 200.0% during the 4th quarter. Sumitomo Life Insurance Co. now owns 26,820,000 shares of the company’s stock worth $732,722,000 after purchasing an additional 17,880,000 shares during the period. Orgel Wealth Management LLC increased its holdings 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 buying an additional 6,804,908 shares during the last quarter. Cassaday & Co Wealth Management LLC raised its position in Schwab US Dividend Equity ETF by 210.2% in the fourth 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 during the period. Strategic Financial Concepts LLC boosted its stake in Schwab US Dividend Equity ETF by 9,346.2% in the fourth quarter. Strategic Financial Concepts LLC now owns 3,576,526 shares of the company’s stock valued at $97,711,000 after acquiring an additional 3,538,664 shares during the last quarter. Finally, Keystone Financial Planning Inc. boosted its stake in 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 valued at $146,589,000 after acquiring an additional 3,506,729 shares during the last quarter.

Schwab US Dividend Equity ETF Stock Down 0.4 %

Shares of SCHD stock opened at $28.21 on Friday. The firm has a market cap of $69.11 billion, a P/E ratio of 17.48 and a beta of 0.88. The company has a 50 day moving average of $27.69 and a 200-day moving average of $28.03. Schwab US Dividend Equity ETF has a 12-month low of $25.18 and a 12-month high of $29.72.

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.