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

Commonwealth Equity Services LLC grew its holdings in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 206.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 13,130,560 shares of the company’s stock after buying an additional 8,848,668 shares during the quarter. Schwab US Dividend Equity ETF accounts for about 0.5% of Commonwealth Equity Services LLC’s investment portfolio, making the stock its 27th biggest position. Commonwealth Equity Services LLC’s holdings in Schwab US Dividend Equity ETF were worth $358,727,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Legacy Investment Solutions LLC purchased a new stake in shares of Schwab US Dividend Equity ETF during the 3rd quarter valued at $34,000. Cassady Schiller Wealth Management LLC purchased a new stake in Schwab US Dividend Equity ETF during the third quarter worth approximately $38,000. Phillips Financial Management LLC grew its position in shares of Schwab US Dividend Equity ETF by 144.8% during the third quarter. Phillips Financial Management LLC now owns 661 shares of the company’s stock worth $56,000 after acquiring an additional 391 shares during the last quarter. Hobbs Group Advisors LLC purchased a new stake in Schwab US Dividend Equity ETF during the 3rd quarter valued at approximately $68,000. Finally, Prospera Private Wealth LLC acquired a new position in shares of Schwab US Dividend Equity ETF during the third quarter worth about $73,000.

Schwab US Dividend Equity ETF Price Performance

SCHD opened at $27.44 on Thursday. The stock’s 50 day simple moving average is $27.88 and its 200 day simple moving average is $28.14. The stock has a market cap of $68.05 billion, a P/E ratio of 17.56 and a beta of 0.86. 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.