Cary Street Partners Investment Advisory LLC Purchases 21,323 Shares of Schwab US Dividend Equity ETF $SCHD

Cary Street Partners Investment Advisory LLC grew its position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 248.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,921 shares of the company’s stock after acquiring an additional 21,323 shares during the quarter. Cary Street Partners Investment Advisory LLC’s holdings in Schwab US Dividend Equity ETF were worth $821,000 as of its most recent filing with the Securities & Exchange Commission.

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

Schwab US Dividend Equity ETF Stock Performance

Shares of Schwab US Dividend Equity ETF stock opened at $32.83 on Tuesday. The stock has a fifty day simple moving average of $31.17 and a 200 day simple moving average of $29.72. Schwab US Dividend Equity ETF has a 12-month low of $25.69 and a 12-month high of $32.88. The company has a market capitalization of $93.19 billion, a P/E ratio of 14.57 and a beta of 0.68.

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.