Proficio Capital Partners LLC Acquires 10,007 Shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Proficio Capital Partners LLC lifted its position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 250.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,007 shares of the company’s stock after purchasing an additional 10,007 shares during the quarter. Proficio Capital Partners LLC’s holdings in Schwab US Dividend Equity ETF were worth $383,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in SCHD. Sumitomo Life Insurance Co. raised its position in 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 purchasing an additional 17,880,000 shares during the period. Wealthspire Advisors LLC lifted its holdings in shares of Schwab US Dividend Equity ETF by 195.8% in the 4th 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 during the period. Orgel Wealth Management LLC grew its position in shares of 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 worth $302,220,000 after buying an additional 6,804,908 shares in the last quarter. Cassaday & Co Wealth Management LLC increased its stake in shares of 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 valued at $157,252,000 after buying an additional 3,900,238 shares during the period. Finally, Keystone Financial Planning Inc. raised its holdings in shares of Schwab US Dividend Equity ETF by 188.6% in the fourth quarter. Keystone Financial Planning Inc. now owns 5,365,627 shares of the company’s stock valued at $146,589,000 after acquiring an additional 3,506,729 shares in the last quarter.

Schwab US Dividend Equity ETF Trading Down 0.9 %

Shares of NYSEARCA:SCHD opened at $27.84 on Wednesday. The company has a market capitalization of $69.04 billion, a PE ratio of 17.56 and a beta of 0.86. The business’s fifty day simple moving average is $27.98 and its 200-day simple moving average is $28.14. 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.