Narwhal Capital Management Grows Stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Narwhal Capital Management boosted its position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 200.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 34,695 shares of the company’s stock after acquiring an additional 23,130 shares during the quarter. Narwhal Capital Management’s holdings in Schwab US Dividend Equity ETF were worth $948,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. LPL Financial LLC grew its position in shares of Schwab US Dividend Equity ETF by 3.1% during the 3rd quarter. LPL Financial LLC now owns 11,531,390 shares of the company’s stock valued at $974,748,000 after acquiring an additional 350,872 shares during the period. Orgel Wealth Management LLC lifted 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 purchasing an additional 6,804,908 shares in the last quarter. Keystone Financial Planning Inc. grew its holdings in Schwab US Dividend Equity ETF by 188.6% during the fourth 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 period. Commonwealth Equity Services LLC increased its position in Schwab US Dividend Equity ETF by 7.5% in the third quarter. Commonwealth Equity Services LLC now owns 4,281,892 shares of the company’s stock worth $361,948,000 after buying an additional 297,674 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its stake in shares of Schwab US Dividend Equity ETF by 2.9% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 3,629,338 shares of the company’s stock worth $306,788,000 after buying an additional 101,637 shares during the period.

Schwab US Dividend Equity ETF Trading Down 0.1 %

Shares of NYSEARCA:SCHD opened at $28.07 on Monday. The stock has a 50 day moving average of $28.10 and a 200 day moving average of $27.92. The company has a market cap of $19.69 billion, a PE ratio of 15.04 and a beta of 0.74. Schwab US Dividend Equity ETF has a 12-month low of $25.16 and a 12-month high of $29.72.

About Schwab US Dividend Equity ETF

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.