Sumitomo Life Insurance Co. Buys 17,880,000 Shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Sumitomo Life Insurance Co. raised its stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 200.0% in the fourth quarter, Holdings Channel.com reports. The fund owned 26,820,000 shares of the company’s stock after purchasing an additional 17,880,000 shares during the period. Schwab US Dividend Equity ETF makes up approximately 13.8% of Sumitomo Life Insurance Co.’s investment portfolio, making the stock its 2nd biggest position. Sumitomo Life Insurance Co.’s holdings in Schwab US Dividend Equity ETF were worth $732,722,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. LPL Financial LLC increased its stake 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 purchasing an additional 350,872 shares during the period. Orgel Wealth Management LLC increased its stake 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 buying an additional 6,804,908 shares during the period. Keystone Financial Planning Inc. increased its stake in Schwab US Dividend Equity ETF by 188.6% during the 4th 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 period. Commonwealth Equity Services LLC lifted its holdings in Schwab US Dividend Equity ETF by 7.5% during the 3rd 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 in the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its position in Schwab US Dividend Equity ETF by 2.9% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 3,629,338 shares of the company’s stock valued at $306,788,000 after buying an additional 101,637 shares during the period.

Schwab US Dividend Equity ETF Price Performance

SCHD opened at $28.07 on Wednesday. The stock has a market capitalization of $19.69 billion, a price-to-earnings ratio of 15.04 and a beta of 0.74. The business has a fifty day moving average price of $28.08 and a 200 day moving average price of $27.94. Schwab US Dividend Equity ETF has a 12 month low of $25.16 and a 12 month high of $29.72.

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.