Schwab US Dividend Equity ETF (NYSEARCA:SCHD) Shares Purchased by Oak Harbor Wealth Partners LLC

Oak Harbor Wealth Partners LLC raised its holdings in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 216.1% in the fourth quarter, Holdings Channel.com reports. The firm owned 330,142 shares of the company’s stock after buying an additional 225,705 shares during the period. Schwab US Dividend Equity ETF comprises 2.6% of Oak Harbor Wealth Partners LLC’s portfolio, making the stock its 5th largest holding. Oak Harbor Wealth Partners LLC’s holdings in Schwab US Dividend Equity ETF were worth $9,019,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of SCHD. Sumitomo Life Insurance Co. grew its position in shares of Schwab US Dividend Equity ETF by 200.0% in the 4th quarter. Sumitomo Life Insurance Co. now owns 26,820,000 shares of the company’s stock worth $732,722,000 after acquiring an additional 17,880,000 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Schwab US Dividend Equity ETF during the 4th quarter valued at approximately $592,939,000. Wealthspire Advisors LLC boosted its position in Schwab US Dividend Equity ETF by 195.8% during the 4th quarter. Wealthspire Advisors LLC now owns 15,144,112 shares of the company’s stock valued at $413,737,000 after purchasing an additional 10,024,156 shares during the period. LPL Financial LLC boosted its position in Schwab US Dividend Equity ETF by 3.1% during the 3rd quarter. LPL Financial LLC now owns 11,531,390 shares of the company’s stock valued at $974,748,000 after purchasing an additional 350,872 shares during the period. Finally, Orgel Wealth Management LLC boosted its position in Schwab US Dividend Equity ETF by 159.8% during the 4th quarter. Orgel Wealth Management LLC now owns 11,062,243 shares of the company’s stock valued at $302,220,000 after purchasing an additional 6,804,908 shares during the period.

Schwab US Dividend Equity ETF Stock Up 1.4 %

Shares of Schwab US Dividend Equity ETF stock opened at $28.46 on Friday. The stock’s fifty day moving average is $27.85 and its 200-day moving average is $28.13. The firm has a market capitalization of $69.73 billion, a PE ratio of 17.56 and a beta of 0.88. Schwab US Dividend Equity ETF has a 12-month low of $25.18 and a 12-month high of $29.72.

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.