Fonville Wealth Management LLC Boosts Position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Fonville Wealth Management LLC grew its holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 200.0% during the 4th quarter, Holdings Channel reports. The fund owned 11,338 shares of the company’s stock after purchasing an additional 7,559 shares during the period. Fonville Wealth Management LLC’s holdings in Schwab US Dividend Equity ETF were worth $310,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in SCHD. Sumitomo Life Insurance Co. grew its position in Schwab US Dividend Equity ETF by 200.0% during 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 during the period. LPL Financial LLC grew its holdings 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 acquiring an additional 350,872 shares during the period. Orgel Wealth Management LLC raised its position in Schwab US Dividend Equity ETF by 159.8% during the fourth quarter. Orgel Wealth Management LLC now owns 11,062,243 shares of the company’s stock valued at $302,220,000 after acquiring an additional 6,804,908 shares in the last quarter. Keystone Financial Planning Inc. lifted its holdings in Schwab US Dividend Equity ETF by 188.6% in the fourth quarter. Keystone Financial Planning Inc. now owns 5,365,627 shares of the company’s stock valued at $146,589,000 after acquiring an additional 3,506,729 shares during the period. Finally, HHM Wealth Advisors LLC lifted its holdings in Schwab US Dividend Equity ETF by 207.3% in the fourth quarter. HHM Wealth Advisors LLC now owns 4,872,578 shares of the company’s stock valued at $133,119,000 after acquiring an additional 3,286,917 shares during the period.

Schwab US Dividend Equity ETF Price Performance

Shares of NYSEARCA SCHD opened at $27.56 on Monday. The stock has a market capitalization of $19.33 billion, a price-to-earnings ratio of 15.04 and a beta of 0.74. The firm’s 50 day simple moving average is $27.85 and its 200-day simple moving average is $27.98. 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 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.