Keystone Financial Planning Inc. Acquires 3,506,729 Shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Keystone Financial Planning Inc. increased its holdings in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 188.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,365,627 shares of the company’s stock after acquiring an additional 3,506,729 shares during the period. Schwab US Dividend Equity ETF comprises about 45.5% of Keystone Financial Planning Inc.’s investment portfolio, making the stock its biggest position. Keystone Financial Planning Inc.’s holdings in Schwab US Dividend Equity ETF were worth $146,589,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in SCHD. LPL Financial LLC boosted its position in Schwab US Dividend Equity ETF by 3.1% in the third 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. Commonwealth Equity Services LLC lifted its position in shares of Schwab US Dividend Equity ETF by 7.5% during the third quarter. Commonwealth Equity Services LLC now owns 4,281,892 shares of the company’s stock worth $361,948,000 after purchasing an additional 297,674 shares in the last quarter. Orgel Wealth Management LLC lifted its position in shares of Schwab US Dividend Equity ETF by 1.7% during the third quarter. Orgel Wealth Management LLC now owns 4,257,335 shares of the company’s stock worth $359,873,000 after purchasing an additional 70,852 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of Schwab US Dividend Equity ETF by 2.9% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 3,629,338 shares of the company’s stock worth $306,788,000 after purchasing an additional 101,637 shares in the last quarter. Finally, Cassaday & Co Wealth Management LLC lifted its position in shares of Schwab US Dividend Equity ETF by 6.6% during the third quarter. Cassaday & Co Wealth Management LLC now owns 1,855,674 shares of the company’s stock worth $156,860,000 after purchasing an additional 114,982 shares in the last quarter.

Schwab US Dividend Equity ETF Price Performance

Shares of SCHD stock traded up $0.30 during trading hours on Monday, reaching $27.31. 15,460,410 shares of the company were exchanged, compared to its average volume of 16,922,670. Schwab US Dividend Equity ETF has a fifty-two week low of $24.97 and a fifty-two week high of $29.72. The stock’s fifty day moving average is $28.29 and its two-hundred day moving average is $27.77. The company has a market cap of $19.16 billion, a price-to-earnings ratio of 15.04 and a beta of 0.74.

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.