Lowe Brockenbrough & Co. Inc. Purchases 16,551 Shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Lowe Brockenbrough & Co. Inc. increased its position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 183.9% during the 4th quarter, Holdings Channel reports. The firm owned 25,551 shares of the company’s stock after acquiring an additional 16,551 shares during the period. Lowe Brockenbrough & Co. Inc.’s holdings in Schwab US Dividend Equity ETF were worth $698,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Sumitomo Life Insurance Co. increased 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 acquiring an additional 17,880,000 shares during the last quarter. Avantax Advisory Services Inc. increased its holdings in Schwab US Dividend Equity ETF by 205.8% in the 4th quarter. Avantax Advisory Services Inc. now owns 26,003,626 shares of the company’s stock valued at $710,419,000 after acquiring an additional 17,501,170 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Schwab US Dividend Equity ETF in the 4th quarter valued at $592,939,000. Wealthspire Advisors LLC increased 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 acquiring an additional 10,024,156 shares during the last quarter. Finally, Commonwealth Equity Services LLC increased its holdings in Schwab US Dividend Equity ETF by 206.7% in the 4th quarter. Commonwealth Equity Services LLC now owns 13,130,560 shares of the company’s stock valued at $358,727,000 after acquiring an additional 8,848,668 shares during the last quarter.

Schwab US Dividend Equity ETF Stock Performance

Shares of NYSEARCA SCHD opened at $27.76 on Friday. Schwab US Dividend Equity ETF has a 52-week low of $25.18 and a 52-week high of $29.72. The company has a market cap of $68.84 billion, a P/E ratio of 17.56 and a beta of 0.86. The firm’s fifty day moving average is $27.95 and its two-hundred day moving average is $28.13.

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.