Commonwealth Equity Services LLC Purchases 8,848,668 Shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Commonwealth Equity Services LLC increased its position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 206.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,130,560 shares of the company’s stock after purchasing an additional 8,848,668 shares during the quarter. Schwab US Dividend Equity ETF makes up approximately 0.5% of Commonwealth Equity Services LLC’s holdings, making the stock its 27th biggest holding. Commonwealth Equity Services LLC owned approximately 1.87% of Schwab US Dividend Equity ETF worth $358,727,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of SCHD. Central Pacific Bank Trust Division increased its holdings in shares of Schwab US Dividend Equity ETF by 200.0% in the fourth quarter. Central Pacific Bank Trust Division now owns 906 shares of the company’s stock worth $25,000 after acquiring an additional 604 shares in the last quarter. Hoese & Co LLP acquired a new stake in shares of Schwab US Dividend Equity ETF during the 4th quarter worth about $26,000. Moisand Fitzgerald Tamayo LLC increased its position in Schwab US Dividend Equity ETF by 294.3% during the 4th quarter. Moisand Fitzgerald Tamayo LLC now owns 1,041 shares of the company’s stock worth $28,000 after buying an additional 777 shares during the period. PFG Private Wealth Management LLC increased its stake in Schwab US Dividend Equity ETF by 200.0% during the 4th quarter. PFG Private Wealth Management LLC now owns 1,029 shares of the company’s stock worth $28,000 after acquiring an additional 686 shares during the period. Finally, IFS Advisors LLC lifted its holdings in shares of Schwab US Dividend Equity ETF by 184.4% during the 4th quarter. IFS Advisors LLC now owns 1,078 shares of the company’s stock worth $29,000 after acquiring an additional 699 shares during the period.

Schwab US Dividend Equity ETF Stock Down 1.1 %

NYSEARCA SCHD opened at $27.44 on Thursday. The company has a market capitalization of $68.05 billion, a price-to-earnings ratio of 17.56 and a beta of 0.86. Schwab US Dividend Equity ETF has a twelve month low of $25.18 and a twelve month high of $29.72. The stock has a fifty day simple moving average of $27.88 and a 200 day simple moving average of $28.14.

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.