Element Wealth LLC Increases Position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Element Wealth LLC lifted its holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 15.5% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 3,661 shares of the company’s stock after acquiring an additional 491 shares during the quarter. Element Wealth LLC’s holdings in Schwab US Dividend Equity ETF were worth $279,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. LPL Financial LLC boosted its stake in shares of Schwab US Dividend Equity ETF by 4.7% in the 3rd quarter. LPL Financial LLC now owns 11,272,535 shares of the company’s stock worth $797,645,000 after buying an additional 503,970 shares during the last quarter. Avantax Advisory Services Inc. raised its holdings in shares of Schwab US Dividend Equity ETF by 3.7% in the 3rd quarter. Avantax Advisory Services Inc. now owns 7,458,984 shares of the company’s stock worth $527,798,000 after purchasing an additional 266,516 shares during the period. Envestnet Asset Management Inc. raised its holdings in shares of Schwab US Dividend Equity ETF by 2.6% in the 3rd quarter. Envestnet Asset Management Inc. now owns 5,778,626 shares of the company’s stock worth $408,896,000 after purchasing an additional 145,168 shares during the period. Raymond James Financial Services Advisors Inc. raised its holdings in shares of Schwab US Dividend Equity ETF by 1.9% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 5,188,556 shares of the company’s stock worth $367,142,000 after purchasing an additional 96,234 shares during the period. Finally, Commonwealth Equity Services LLC raised its holdings in shares of Schwab US Dividend Equity ETF by 8.6% in the 3rd quarter. Commonwealth Equity Services LLC now owns 4,422,807 shares of the company’s stock worth $312,958,000 after purchasing an additional 348,710 shares during the period.

Schwab US Dividend Equity ETF Trading Up 0.7 %

Shares of NYSEARCA:SCHD traded up $0.53 during mid-day trading on Tuesday, reaching $77.77. The company had a trading volume of 2,496,094 shares, compared to its average volume of 3,649,304. The firm has a market cap of $54.50 billion, a price-to-earnings ratio of 15.00 and a beta of 0.79. The company’s 50-day moving average price is $78.22 and its 200-day moving average price is $75.05. Schwab US Dividend Equity ETF has a one year low of $66.67 and a one year high of $80.82.

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.