Grantvest Financial Group LLC Buys Shares of 64,889 Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Grantvest Financial Group LLC bought a new stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 64,889 shares of the company’s stock, valued at approximately $1,773,000. Schwab US Dividend Equity ETF comprises approximately 2.0% of Grantvest Financial Group LLC’s portfolio, making the stock its 9th largest holding.

A number of other institutional investors have also recently made changes to their positions in the business. LPL Financial LLC grew its position in Schwab US Dividend Equity ETF by 214.9% during the 4th quarter. LPL Financial LLC now owns 36,314,776 shares of the company’s stock worth $992,120,000 after purchasing an additional 24,783,386 shares during the period. Sumitomo Life Insurance Co. increased its position in shares of 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 worth $732,722,000 after purchasing an additional 17,880,000 shares in the last quarter. Avantax Advisory Services Inc. lifted its stake in shares of Schwab US Dividend Equity ETF by 205.8% in the fourth quarter. Avantax Advisory Services Inc. now owns 26,003,626 shares of the company’s stock worth $710,419,000 after buying an additional 17,501,170 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Schwab US Dividend Equity ETF in the 4th quarter valued at about $592,939,000. Finally, Wealthspire Advisors LLC lifted its position in Schwab US Dividend Equity ETF by 195.8% during the fourth 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 in the last quarter.

Schwab US Dividend Equity ETF Price Performance

Shares of SCHD stock opened at $27.76 on Monday. The firm’s 50-day moving average is $27.95 and its two-hundred day moving average is $28.13. The company has a market capitalization of $68.84 billion, a PE ratio of 17.56 and a beta of 0.86. 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.