Oppenheimer Asset Management Inc. Acquires 120,038 Shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Oppenheimer Asset Management Inc. boosted its holdings in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 199.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 180,207 shares of the company’s stock after buying an additional 120,038 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Schwab US Dividend Equity ETF were worth $4,923,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in SCHD. Sumitomo Life Insurance Co. boosted its holdings in shares of 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 in the last quarter. Wealthspire Advisors LLC boosted its holdings in shares of 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 in the last quarter. Orgel Wealth Management LLC boosted its holdings in shares of Schwab US Dividend Equity ETF by 159.8% in the 4th quarter. Orgel Wealth Management LLC now owns 11,062,243 shares of the company’s stock worth $302,220,000 after purchasing an additional 6,804,908 shares in the last quarter. Cassaday & Co Wealth Management LLC boosted its holdings in shares of Schwab US Dividend Equity ETF by 210.2% in the 4th quarter. Cassaday & Co Wealth Management LLC now owns 5,755,912 shares of the company’s stock worth $157,252,000 after purchasing an additional 3,900,238 shares in the last quarter. Finally, Strategic Financial Concepts LLC boosted its holdings in shares of Schwab US Dividend Equity ETF by 9,346.2% in the 4th quarter. Strategic Financial Concepts LLC now owns 3,576,526 shares of the company’s stock worth $97,711,000 after purchasing an additional 3,538,664 shares in the last quarter.

Schwab US Dividend Equity ETF Trading Up 1.3 %

SCHD opened at $28.54 on Friday. The stock has a 50-day moving average price of $27.78 and a 200-day moving average price of $28.09. Schwab US Dividend Equity ETF has a 12-month low of $25.18 and a 12-month high of $29.72. The stock has a market capitalization of $69.92 billion, a P/E ratio of 17.48 and a beta of 0.88.

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.