Jefferies Financial Group Inc. Increases Stock Position in Schwab US Dividend Equity ETF $SCHD

Jefferies Financial Group Inc. boosted its stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 599.4% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 158,338 shares of the company’s stock after acquiring an additional 135,700 shares during the quarter. Jefferies Financial Group Inc.’s holdings in Schwab US Dividend Equity ETF were worth $4,343,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Sumitomo Life Insurance Co. acquired a new stake in shares of Schwab US Dividend Equity ETF during the third quarter worth about $847,665,000. Avantax Planning Partners Inc. lifted its position in shares of Schwab US Dividend Equity ETF by 3.8% during the fourth quarter. Avantax Planning Partners Inc. now owns 10,106,223 shares of the company’s stock worth $277,214,000 after purchasing an additional 366,548 shares in the last quarter. Cassaday & Co Wealth Management LLC lifted its position in shares of Schwab US Dividend Equity ETF by 52.2% during the fourth quarter. Cassaday & Co Wealth Management LLC now owns 9,244,248 shares of the company’s stock worth $253,570,000 after purchasing an additional 3,170,728 shares in the last quarter. MML Investors Services LLC lifted its position in shares of Schwab US Dividend Equity ETF by 3.2% during the second quarter. MML Investors Services LLC now owns 6,058,642 shares of the company’s stock worth $160,554,000 after purchasing an additional 185,649 shares in the last quarter. Finally, HighTower Advisors LLC lifted its position in shares of Schwab US Dividend Equity ETF by 0.6% during the third quarter. HighTower Advisors LLC now owns 5,684,538 shares of the company’s stock worth $155,188,000 after purchasing an additional 33,472 shares in the last quarter.

Schwab US Dividend Equity ETF Stock Performance

Shares of SCHD opened at $32.83 on Tuesday. The stock has a market capitalization of $93.19 billion, a PE ratio of 14.57 and a beta of 0.68. Schwab US Dividend Equity ETF has a 1 year low of $25.69 and a 1 year high of $32.88. The company’s 50-day simple moving average is $31.17 and its 200-day simple moving average is $29.72.

Schwab US Dividend Equity ETF Company 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.