World Equity Group Inc. Grows Stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

World Equity Group Inc. boosted its position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 663.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 109,236 shares of the company’s stock after purchasing an additional 94,927 shares during the period. World Equity Group Inc.’s holdings in Schwab US Dividend Equity ETF were worth $2,984,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Sumitomo Life Insurance Co. increased its position in Schwab US Dividend Equity ETF by 200.0% during the fourth quarter. Sumitomo Life Insurance Co. now owns 26,820,000 shares of the company’s stock worth $732,722,000 after buying an additional 17,880,000 shares in the last quarter. Wealthspire Advisors LLC increased its position in Schwab US Dividend Equity ETF by 195.8% during the fourth quarter. Wealthspire Advisors LLC now owns 15,144,112 shares of the company’s stock worth $413,737,000 after buying an additional 10,024,156 shares in the last quarter. Orgel Wealth Management LLC increased its position in Schwab US Dividend Equity ETF by 159.8% during the fourth quarter. Orgel Wealth Management LLC now owns 11,062,243 shares of the company’s stock worth $302,220,000 after buying an additional 6,804,908 shares in the last quarter. Cassaday & Co Wealth Management LLC increased its position in Schwab US Dividend Equity ETF by 210.2% during the fourth quarter. Cassaday & Co Wealth Management LLC now owns 5,755,912 shares of the company’s stock worth $157,252,000 after buying an additional 3,900,238 shares in the last quarter. Finally, Strategic Financial Concepts LLC increased its position in Schwab US Dividend Equity ETF by 9,346.2% during the fourth quarter. Strategic Financial Concepts LLC now owns 3,576,526 shares of the company’s stock worth $97,711,000 after buying an additional 3,538,664 shares in the last quarter.

Schwab US Dividend Equity ETF Stock Down 0.4 %

SCHD stock opened at $28.21 on Friday. Schwab US Dividend Equity ETF has a 52-week low of $25.18 and a 52-week high of $29.72. The stock’s fifty day simple moving average is $27.69 and its 200-day simple moving average is $28.03. The stock has a market capitalization of $69.11 billion, a price-to-earnings ratio of 17.48 and a beta of 0.88.

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.