Benjamin F. Edwards & Company Inc. Has $7.39 Million Position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Benjamin F. Edwards & Company Inc. increased its stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 24.0% in the fourth quarter, Holdings Channel.com reports. The firm owned 97,072 shares of the company’s stock after buying an additional 18,779 shares during the quarter. Benjamin F. Edwards & Company Inc.’s holdings in Schwab US Dividend Equity ETF were worth $7,390,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. Sumitomo Life Insurance Co. bought a new stake in shares of Schwab US Dividend Equity ETF in the 4th quarter valued at $228,390,000. International Assets Investment Management LLC acquired a new position in shares of Schwab US Dividend Equity ETF during the 4th quarter valued at $89,561,000. LPL Financial LLC lifted its position in shares of Schwab US Dividend Equity ETF by 4.7% during the 3rd quarter. LPL Financial LLC now owns 11,272,535 shares of the company’s stock valued at $797,645,000 after acquiring an additional 503,970 shares during the period. DDD Partners LLC lifted its position in shares of Schwab US Dividend Equity ETF by 12,161.9% during the 4th quarter. DDD Partners LLC now owns 488,148 shares of the company’s stock valued at $37,163,000 after acquiring an additional 484,167 shares during the period. Finally, HighTower Advisors LLC lifted its position in shares of Schwab US Dividend Equity ETF by 34.1% during the 3rd quarter. HighTower Advisors LLC now owns 1,874,088 shares of the company’s stock valued at $132,545,000 after acquiring an additional 476,951 shares during the period.

Schwab US Dividend Equity ETF Stock Up 0.9 %

SCHD traded up $0.70 during trading on Friday, hitting $77.97. 2,607,694 shares of the company’s stock were exchanged, compared to its average volume of 3,569,934. The business’s 50 day moving average is $78.31 and its two-hundred day moving average is $75.43. Schwab US Dividend Equity ETF has a fifty-two week low of $66.67 and a fifty-two week high of $80.82. The stock has a market cap of $54.54 billion, a P/E ratio of 14.82 and a beta of 0.77.

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.