Schwab US Dividend Equity ETF (NYSEARCA:SCHD) Shares Bought by Davis Capital Management

Davis Capital Management raised its position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 179.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 298,672 shares of the company’s stock after acquiring an additional 191,702 shares during the period. Schwab US Dividend Equity ETF makes up approximately 6.6% of Davis Capital Management’s holdings, making the stock its 2nd biggest holding. Davis Capital Management’s holdings in Schwab US Dividend Equity ETF were worth $8,160,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. LPL Financial LLC boosted its stake 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 acquiring an additional 350,872 shares in the last quarter. Orgel Wealth Management LLC boosted its stake 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 acquiring an additional 6,804,908 shares in the last quarter. Keystone Financial Planning Inc. boosted its stake 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 acquiring an additional 3,506,729 shares in the last quarter. Commonwealth Equity Services LLC boosted its stake 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 acquiring an additional 297,674 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its holdings 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 last quarter.

Schwab US Dividend Equity ETF Trading Up 0.8 %

NYSEARCA SCHD opened at $28.22 on Wednesday. The company has a fifty day simple moving average of $28.16 and a two-hundred day simple moving average of $27.85. The stock has a market cap of $19.80 billion, a P/E 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.

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.