Schwab US Dividend Equity ETF (NYSEARCA:SCHD) is Principle Wealth Partners LLC’s 6th Largest Position

Principle Wealth Partners LLC boosted its stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 221.6% in the 4th quarter, Holdings Channel reports. The firm owned 1,750,141 shares of the company’s stock after acquiring an additional 1,205,934 shares during the quarter. Schwab US Dividend Equity ETF accounts for approximately 3.4% of Principle Wealth Partners LLC’s portfolio, making the stock its 6th largest position. Principle Wealth Partners LLC’s holdings in Schwab US Dividend Equity ETF were worth $47,814,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Sound Income Strategies LLC raised its position in shares of Schwab US Dividend Equity ETF by 12.5% in the third quarter. Sound Income Strategies LLC now owns 1,720 shares of the company’s stock worth $145,000 after buying an additional 191 shares in the last quarter. Argus Investors Counsel Inc. increased its stake in Schwab US Dividend Equity ETF by 8.0% in the 3rd quarter. Argus Investors Counsel Inc. now owns 4,768 shares of the company’s stock worth $403,000 after acquiring an additional 355 shares during the last quarter. O ROURKE & COMPANY Inc raised its holdings in shares of Schwab US Dividend Equity ETF by 5.7% in the 3rd quarter. O ROURKE & COMPANY Inc now owns 6,738 shares of the company’s stock valued at $570,000 after acquiring an additional 366 shares in the last quarter. Kennebec Savings Bank purchased a new stake in shares of Schwab US Dividend Equity ETF in the 3rd quarter valued at about $31,000. Finally, Brown Lisle Cummings Inc. boosted its position in shares of Schwab US Dividend Equity ETF by 17.3% during the 3rd quarter. Brown Lisle Cummings Inc. now owns 2,545 shares of the company’s stock valued at $215,000 after acquiring an additional 375 shares during the last quarter.

Schwab US Dividend Equity ETF Trading Up 0.4 %

SCHD stock opened at $27.68 on Tuesday. The company’s 50 day moving average is $27.85 and its 200 day moving average is $27.99. The stock has a market cap of $19.42 billion, a price-to-earnings ratio of 15.04 and a beta of 0.74. Schwab US Dividend Equity ETF has a 1-year low of $25.16 and a 1-year 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.