183,299 Shares in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) Bought by Journey Beyond Wealth LLC

Journey Beyond Wealth LLC acquired a new stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 183,299 shares of the company’s stock, valued at approximately $5,008,000. Schwab US Dividend Equity ETF accounts for approximately 4.7% of Journey Beyond Wealth LLC’s investment portfolio, making the stock its 7th biggest position.

Several other large investors have also recently made changes to their positions in the business. LPL Financial LLC grew its position in Schwab US Dividend Equity ETF by 214.9% during the fourth quarter. LPL Financial LLC now owns 36,314,776 shares of the company’s stock valued at $992,120,000 after buying an additional 24,783,386 shares during the period. Raymond James Financial Inc. bought a new position in shares of Schwab US Dividend Equity ETF during the 4th quarter valued at approximately $592,939,000. Sumitomo Life Insurance Co. increased 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 purchasing an additional 17,880,000 shares during the last quarter. Avantax Advisory Services Inc. raised its holdings in shares of Schwab US Dividend Equity ETF by 205.8% in the 4th quarter. Avantax Advisory Services Inc. now owns 26,003,626 shares of the company’s stock worth $710,419,000 after purchasing an additional 17,501,170 shares during the period. Finally, Wealthspire Advisors LLC raised its holdings in shares of Schwab US Dividend Equity ETF by 195.8% in the 4th quarter. Wealthspire Advisors LLC now owns 15,144,112 shares of the company’s stock worth $413,737,000 after purchasing an additional 10,024,156 shares during the period.

Schwab US Dividend Equity ETF Trading Down 0.9 %

Shares of NYSEARCA SCHD opened at $27.84 on Wednesday. The firm has a market cap of $69.04 billion, a price-to-earnings ratio of 17.56 and a beta of 0.86. The stock has a fifty day simple moving average of $27.98 and a two-hundred day simple moving average of $28.14. Schwab US Dividend Equity ETF has a 1-year low of $25.18 and a 1-year 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.