Verus Financial Partners Inc. Increases Stock Position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Verus Financial Partners Inc. increased its position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 202.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 968,987 shares of the company’s stock after buying an additional 648,370 shares during the period. Schwab US Dividend Equity ETF accounts for 2.9% of Verus Financial Partners Inc.’s holdings, making the stock its 12th biggest position. Verus Financial Partners Inc. owned about 0.14% of Schwab US Dividend Equity ETF worth $26,172,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Sumitomo Life Insurance Co. lifted its holdings 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 valued at $732,722,000 after purchasing an additional 17,880,000 shares in the last quarter. LPL Financial LLC lifted its holdings in Schwab US Dividend Equity ETF by 3.1% during the third 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 in the last quarter. Orgel Wealth Management LLC lifted its holdings 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 valued at $302,220,000 after purchasing an additional 6,804,908 shares in the last quarter. Keystone Financial Planning Inc. lifted its holdings in Schwab US Dividend Equity ETF by 188.6% during the fourth quarter. Keystone Financial Planning Inc. now owns 5,365,627 shares of the company’s stock valued at $146,589,000 after purchasing an additional 3,506,729 shares in the last quarter. Finally, Commonwealth Equity Services LLC lifted its holdings in Schwab US Dividend Equity ETF by 7.5% during the third quarter. Commonwealth Equity Services LLC now owns 4,281,892 shares of the company’s stock valued at $361,948,000 after purchasing an additional 297,674 shares in the last quarter.

Schwab US Dividend Equity ETF Stock Down 0.5 %

SCHD opened at $27.83 on Friday. The firm’s fifty day simple moving average is $28.05 and its two-hundred day simple moving average is $27.94. The company has a market cap of $19.52 billion, a price-to-earnings ratio of 15.04 and a beta of 0.74. Schwab US Dividend Equity ETF has a 52-week low of $25.16 and a 52-week high of $29.72.

Schwab US Dividend Equity ETF 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.