Financial Freedom LLC Increases Holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Financial Freedom LLC increased its stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 105.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,046 shares of the company’s stock after buying an additional 2,595 shares during the quarter. Financial Freedom LLC’s holdings in Schwab US Dividend Equity ETF were worth $138,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. LPL Financial LLC raised 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 purchasing an additional 350,872 shares during the period. Orgel Wealth Management LLC raised its position in 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 valued at $302,220,000 after purchasing an additional 6,804,908 shares during the period. Keystone Financial Planning Inc. raised its position in Schwab US Dividend Equity ETF by 188.6% in 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 raised 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 valued at $361,948,000 after purchasing an additional 297,674 shares during the period. Finally, Wealth Enhancement Advisory Services LLC raised its position in 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 valued at $306,788,000 after purchasing an additional 101,637 shares during the period.

Schwab US Dividend Equity ETF Stock Up 0.6 %

NYSEARCA:SCHD opened at $27.99 on Monday. Schwab US Dividend Equity ETF has a 52 week low of $25.03 and a 52 week high of $29.72. The company has a market capitalization of $19.63 billion, a P/E ratio of 15.04 and a beta of 0.74. The stock’s fifty day moving average is $28.19 and its two-hundred day moving average is $27.84.

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.