Foster & Motley Inc. Raises Stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Foster & Motley Inc. grew its holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 7.3% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 4,893 shares of the company’s stock after buying an additional 332 shares during the period. Foster & Motley Inc.’s holdings in Schwab US Dividend Equity ETF were worth $373,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. LPL Financial LLC raised its stake in 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 last quarter. Avantax Advisory Services Inc. grew its stake in shares of Schwab US Dividend Equity ETF by 3.7% in the 3rd quarter. Avantax Advisory Services Inc. now owns 7,458,984 shares of the company’s stock valued at $527,798,000 after purchasing an additional 266,516 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of Schwab US Dividend Equity ETF by 2.6% in the third quarter. Envestnet Asset Management Inc. now owns 5,778,626 shares of the company’s stock valued at $408,896,000 after purchasing an additional 145,168 shares during the period. Raymond James Financial Services Advisors Inc. raised its stake in shares of Schwab US Dividend Equity ETF by 1.9% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 5,188,556 shares of the company’s stock worth $367,142,000 after purchasing an additional 96,234 shares during the last quarter. Finally, Commonwealth Equity Services LLC lifted its holdings in shares of Schwab US Dividend Equity ETF by 8.6% during the third quarter. Commonwealth Equity Services LLC now owns 4,422,807 shares of the company’s stock worth $312,958,000 after purchasing an additional 348,710 shares during the period.

Schwab US Dividend Equity ETF Price Performance

NYSEARCA:SCHD opened at $78.11 on Thursday. The firm has a market cap of $54.64 billion, a price-to-earnings ratio of 14.82 and a beta of 0.77. Schwab US Dividend Equity ETF has a 1-year low of $66.67 and a 1-year high of $80.82. The firm’s fifty day moving average price is $78.29 and its 200 day moving average price is $75.13.

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.