Florida Financial Advisors LLC Boosts Stock Position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Florida Financial Advisors LLC raised its stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 253.5% in the fourth quarter, Holdings Channel reports. The institutional investor owned 116,428 shares of the company’s stock after buying an additional 83,490 shares during the quarter. Schwab US Dividend Equity ETF accounts for about 1.4% of Florida Financial Advisors LLC’s holdings, making the stock its 15th biggest position. Florida Financial Advisors LLC’s holdings in Schwab US Dividend Equity ETF were worth $3,181,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the stock. LPL Financial LLC raised its holdings in Schwab US Dividend Equity ETF by 214.9% in the 4th quarter. LPL Financial LLC now owns 36,314,776 shares of the company’s stock worth $992,120,000 after acquiring an additional 24,783,386 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Schwab US Dividend Equity ETF in the fourth quarter worth $592,939,000. Sumitomo Life Insurance Co. lifted its holdings 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 valued at $732,722,000 after purchasing an additional 17,880,000 shares in the last quarter. Avantax Advisory Services Inc. boosted its position in shares of Schwab US Dividend Equity ETF by 205.8% during the fourth quarter. Avantax Advisory Services Inc. now owns 26,003,626 shares of the company’s stock valued at $710,419,000 after buying an additional 17,501,170 shares during the last quarter. Finally, Wealthspire Advisors LLC increased its holdings in 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 in the last quarter.

Schwab US Dividend Equity ETF Stock Performance

Shares of NYSEARCA:SCHD opened at $28.09 on Tuesday. The business has a 50-day simple moving average of $27.97 and a two-hundred day simple moving average of $28.13. The firm has a market cap of $69.66 billion, a price-to-earnings ratio of 17.56 and a beta of 0.86. Schwab US Dividend Equity ETF has a fifty-two week low of $25.18 and a fifty-two week high of $29.72.

Schwab US Dividend Equity ETF Company 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.