First Command Advisory Services Inc. Grows Position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

First Command Advisory Services Inc. raised its holdings in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 237.2% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 876,556 shares of the company’s stock after purchasing an additional 616,588 shares during the period. Schwab US Dividend Equity ETF accounts for about 0.2% of First Command Advisory Services Inc.’s portfolio, making the stock its 22nd largest position. First Command Advisory Services Inc. owned 0.12% of Schwab US Dividend Equity ETF worth $23,948,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Sumitomo Life Insurance Co. raised its stake in shares of 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 worth $732,722,000 after acquiring an additional 17,880,000 shares in the last quarter. Wealthspire Advisors LLC increased its holdings in shares of Schwab US Dividend Equity ETF by 195.8% during the fourth quarter. Wealthspire Advisors LLC now owns 15,144,112 shares of the company’s stock valued at $413,737,000 after acquiring an additional 10,024,156 shares in the last quarter. Orgel Wealth Management LLC boosted its stake in Schwab US Dividend Equity ETF by 159.8% in 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 in the last quarter. Cassaday & Co Wealth Management LLC grew its position in Schwab US Dividend Equity ETF by 210.2% during the 4th quarter. Cassaday & Co Wealth Management LLC now owns 5,755,912 shares of the company’s stock worth $157,252,000 after purchasing an additional 3,900,238 shares during the last quarter. Finally, Strategic Financial Concepts LLC grew its holdings in shares of Schwab US Dividend Equity ETF by 9,346.2% during the fourth quarter. Strategic Financial Concepts LLC now owns 3,576,526 shares of the company’s stock valued at $97,711,000 after buying an additional 3,538,664 shares during the last quarter.

Schwab US Dividend Equity ETF Stock Down 1.1 %

Shares of NYSEARCA SCHD opened at $28.15 on Thursday. The firm has a market cap of $68.97 billion, a P/E ratio of 17.48 and a beta of 0.88. The business’s 50 day moving average price is $27.73 and its 200 day moving average price is $28.08. Schwab US Dividend Equity ETF has a 52 week low of $25.18 and a 52 week 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.