Guild Investment Management Inc. Acquires Shares of 80,830 Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Guild Investment Management Inc. acquired a new stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) during the fourth quarter, HoldingsChannel reports. The fund acquired 80,830 shares of the company’s stock, valued at approximately $2,208,000. Schwab US Dividend Equity ETF makes up approximately 2.4% of Guild Investment Management Inc.’s investment portfolio, making the stock its 17th largest holding.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sumitomo Life Insurance Co. grew its holdings 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 valued at $732,722,000 after buying an additional 17,880,000 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Schwab US Dividend Equity ETF in the 4th quarter valued at $592,939,000. Wealthspire Advisors LLC grew its holdings 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 valued at $413,737,000 after buying an additional 10,024,156 shares in the last quarter. LPL Financial LLC grew its holdings 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 valued at $974,748,000 after buying an additional 350,872 shares in the last quarter. Finally, Orgel Wealth Management LLC grew its holdings in 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 valued at $302,220,000 after buying an additional 6,804,908 shares in the last quarter.

Schwab US Dividend Equity ETF Stock Performance

NYSEARCA:SCHD opened at $27.74 on Wednesday. The stock has a fifty day moving average price of $27.88 and a 200-day moving average price of $28.14. The company has a market cap of $68.80 billion, a price-to-earnings ratio of 17.56 and a beta of 0.86. Schwab US Dividend Equity ETF has a fifty-two week low of $25.18 and a fifty-two week 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.