Lido Advisors LLC Acquires 16,735 Shares of Schwab US Dividend Equity ETF $SCHD

Lido Advisors LLC raised its holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 1.4% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 1,200,142 shares of the company’s stock after purchasing an additional 16,735 shares during the quarter. Lido Advisors LLC’s holdings in Schwab US Dividend Equity ETF were worth $32,845,000 as of its most recent filing with the Securities & Exchange Commission.

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

Schwab US Dividend Equity ETF Trading Up 0.7%

Schwab US Dividend Equity ETF stock opened at $32.59 on Friday. Schwab US Dividend Equity ETF has a 12 month low of $26.16 and a 12 month high of $32.91. The stock’s 50 day moving average is $31.46 and its 200-day moving average is $30.03. The company has a market capitalization of $92.51 billion, a price-to-earnings ratio of 14.57 and a beta of 0.67.

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.