Pasadena Private Wealth LLC Raises Stock Position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Pasadena Private Wealth LLC boosted its stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 204.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 66,170 shares of the company’s stock after acquiring an additional 44,417 shares during the quarter. Pasadena Private Wealth LLC’s holdings in Schwab US Dividend Equity ETF were worth $1,808,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in SCHD. Sumitomo Life Insurance Co. increased its position in shares of Schwab US Dividend Equity ETF by 200.0% during the fourth quarter. Sumitomo Life Insurance Co. now owns 26,820,000 shares of the company’s stock worth $732,722,000 after acquiring an additional 17,880,000 shares during the last quarter. Orgel Wealth Management LLC increased its holdings in Schwab US Dividend Equity ETF by 159.8% during the 4th quarter. Orgel Wealth Management LLC now owns 11,062,243 shares of the company’s stock worth $302,220,000 after purchasing an additional 6,804,908 shares during the last quarter. Strategic Financial Concepts LLC raised its position in shares of Schwab US Dividend Equity ETF by 9,346.2% in the 4th quarter. Strategic Financial Concepts LLC now owns 3,576,526 shares of the company’s stock valued at $97,711,000 after purchasing an additional 3,538,664 shares in the last quarter. Keystone Financial Planning Inc. boosted its stake in shares of Schwab US Dividend Equity ETF by 188.6% during the 4th quarter. Keystone Financial Planning Inc. now owns 5,365,627 shares of the company’s stock valued at $146,589,000 after buying an additional 3,506,729 shares during the last quarter. Finally, HHM Wealth Advisors LLC grew its position in shares of Schwab US Dividend Equity ETF by 207.3% during the fourth quarter. HHM Wealth Advisors LLC now owns 4,872,578 shares of the company’s stock worth $133,119,000 after buying an additional 3,286,917 shares in the last quarter.

Schwab US Dividend Equity ETF Stock Performance

Schwab US Dividend Equity ETF stock opened at $27.99 on Wednesday. The company has a market cap of $68.58 billion, a P/E ratio of 17.48 and a beta of 0.88. Schwab US Dividend Equity ETF has a 1 year low of $25.18 and a 1 year high of $29.72. The firm’s 50-day moving average is $27.70 and its 200-day moving average is $28.01.

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.