Prosperity Wealth Management Inc. Buys 15,612 Shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Prosperity Wealth Management Inc. boosted its stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 237.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 22,199 shares of the company’s stock after acquiring an additional 15,612 shares during the period. Prosperity Wealth Management Inc.’s holdings in Schwab US Dividend Equity ETF were worth $606,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the stock. Sumitomo Life Insurance Co. raised its position in Schwab US Dividend Equity ETF by 200.0% in 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 period. Raymond James Financial Inc. purchased a new position in shares of Schwab US Dividend Equity ETF in the fourth quarter worth about $592,939,000. Wealthspire Advisors LLC increased its stake in shares of Schwab US Dividend Equity ETF by 195.8% in the fourth quarter. Wealthspire Advisors LLC now owns 15,144,112 shares of the company’s stock worth $413,737,000 after purchasing an additional 10,024,156 shares in the last quarter. LPL Financial LLC increased its stake in shares of 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 worth $974,748,000 after purchasing an additional 350,872 shares in the last quarter. Finally, Orgel Wealth Management LLC increased its stake in shares of Schwab US Dividend Equity ETF by 159.8% in the fourth 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 in the last quarter.

Schwab US Dividend Equity ETF Stock Down 2.3 %

SCHD opened at $27.74 on Wednesday. The company has a market capitalization of $68.80 billion, a price-to-earnings ratio of 17.56 and a beta of 0.86. The firm has a 50-day moving average price of $27.88 and a 200-day moving average price of $28.14. Schwab US Dividend Equity ETF has a twelve month low of $25.18 and a twelve 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.