SVB Wealth LLC Purchases New Position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

SVB Wealth LLC bought a new position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund bought 145,956 shares of the company’s stock, valued at approximately $3,988,000.

A number of other large investors have also added to or reduced their stakes in the stock. Sumitomo Life Insurance Co. grew 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 purchasing an additional 17,880,000 shares during the period. Wealthspire Advisors LLC grew its position in Schwab US Dividend Equity ETF by 195.8% in the 4th quarter. Wealthspire Advisors LLC now owns 15,144,112 shares of the company’s stock worth $413,737,000 after purchasing an additional 10,024,156 shares during the period. LPL Financial LLC grew its position in 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 worth $974,748,000 after purchasing an additional 350,872 shares during the period. Orgel Wealth Management LLC boosted its stake in shares of 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 acquiring an additional 6,804,908 shares during the last quarter. Finally, Cassaday & Co Wealth Management LLC boosted its stake in shares of Schwab US Dividend Equity ETF by 210.2% during 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 during the last quarter.

Schwab US Dividend Equity ETF Price Performance

Shares of Schwab US Dividend Equity ETF stock opened at $28.54 on Friday. The company’s fifty day simple moving average is $27.78 and its 200-day simple moving average is $28.10. The stock has a market capitalization of $69.92 billion, a PE ratio of 17.48 and a beta of 0.88. Schwab US Dividend Equity ETF has a 1-year low of $25.18 and a 1-year 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.