LifeSteps Financial Inc. Increases Stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

LifeSteps Financial Inc. raised its holdings in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 218.3% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 67,403 shares of the company’s stock after purchasing an additional 46,229 shares during the quarter. Schwab US Dividend Equity ETF comprises about 1.4% of LifeSteps Financial Inc.’s holdings, making the stock its 19th biggest position. LifeSteps Financial Inc.’s holdings in Schwab US Dividend Equity ETF were worth $1,841,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Sumitomo Life Insurance Co. grew its stake in Schwab US Dividend Equity ETF by 200.0% during the 4th quarter. Sumitomo Life Insurance Co. now owns 26,820,000 shares of the company’s stock valued at $732,722,000 after acquiring an additional 17,880,000 shares in the last quarter. Orgel Wealth Management LLC boosted its holdings in shares of 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. Cassaday & Co Wealth Management LLC grew its position in shares of Schwab US Dividend Equity ETF by 210.2% in the fourth quarter. Cassaday & Co Wealth Management LLC now owns 5,755,912 shares of the company’s stock valued at $157,252,000 after purchasing an additional 3,900,238 shares in the last quarter. Strategic Financial Concepts LLC increased its holdings in shares of Schwab US Dividend Equity ETF by 9,346.2% in the fourth 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 during the last quarter. Finally, Keystone Financial Planning Inc. increased its holdings in shares of 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 last quarter.

Schwab US Dividend Equity ETF Stock Performance

NYSEARCA SCHD opened at $28.21 on Friday. The stock’s fifty day moving average is $27.69 and its two-hundred day moving average is $28.02. The firm has a market capitalization of $69.11 billion, a P/E ratio of 17.48 and a beta of 0.88. Schwab US Dividend Equity ETF has a fifty-two week low of $25.18 and a fifty-two week 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.