Grimes & Company Inc. Acquires 19,473 Shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Grimes & Company Inc. grew its holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 210.0% during the 4th quarter, HoldingsChannel reports. The firm owned 28,748 shares of the company’s stock after purchasing an additional 19,473 shares during the quarter. Grimes & Company Inc.’s holdings in Schwab US Dividend Equity ETF were worth $785,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of SCHD. Orgel Wealth Management LLC increased its stake in shares of 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 purchasing an additional 6,804,908 shares during the last quarter. Keystone Financial Planning Inc. increased its stake in shares of Schwab US Dividend Equity ETF by 188.6% in the 4th quarter. Keystone Financial Planning Inc. now owns 5,365,627 shares of the company’s stock valued at $146,589,000 after purchasing an additional 3,506,729 shares during the last quarter. LVW Advisors LLC increased its stake in shares of Schwab US Dividend Equity ETF by 203.4% in the 4th quarter. LVW Advisors LLC now owns 3,597,636 shares of the company’s stock valued at $98,287,000 after purchasing an additional 2,412,003 shares during the last quarter. Fifth Third Bancorp increased its stake in shares of Schwab US Dividend Equity ETF by 192.7% in the 4th quarter. Fifth Third Bancorp now owns 3,038,718 shares of the company’s stock valued at $83,018,000 after purchasing an additional 2,000,527 shares during the last quarter. Finally, Ameritas Advisory Services LLC increased its stake in shares of Schwab US Dividend Equity ETF by 217.1% in the 4th quarter. Ameritas Advisory Services LLC now owns 2,173,729 shares of the company’s stock valued at $59,386,000 after purchasing an additional 1,488,281 shares during the last quarter.

Schwab US Dividend Equity ETF Stock Down 0.1 %

NYSEARCA SCHD opened at $28.07 on Friday. Schwab US Dividend Equity ETF has a twelve month low of $25.16 and a twelve month high of $29.72. The company has a market cap of $19.69 billion, a price-to-earnings ratio of 15.04 and a beta of 0.74. The business’s fifty day moving average is $28.10 and its 200 day moving average is $27.90.

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.