Viawealth LLC Purchases 64,048 Shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Viawealth LLC lifted its stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 233.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 91,505 shares of the company’s stock after purchasing an additional 64,048 shares during the period. Schwab US Dividend Equity ETF comprises about 1.5% of Viawealth LLC’s investment portfolio, making the stock its 14th largest position. Viawealth LLC’s holdings in Schwab US Dividend Equity ETF were worth $2,500,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the stock. Sumitomo Life Insurance Co. grew its holdings in shares of Schwab US Dividend Equity ETF by 200.0% in 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 during the last quarter. Avantax Advisory Services Inc. grew its holdings 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 purchasing an additional 17,501,170 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in Schwab US Dividend Equity ETF in the fourth quarter worth about $592,939,000. Wealthspire Advisors LLC lifted its stake in Schwab US Dividend Equity ETF by 195.8% in the fourth quarter. Wealthspire Advisors LLC now owns 15,144,112 shares of the company’s stock worth $413,737,000 after acquiring an additional 10,024,156 shares during the period. Finally, Commonwealth Equity Services LLC lifted its stake in Schwab US Dividend Equity ETF by 206.7% in the fourth quarter. Commonwealth Equity Services LLC now owns 13,130,560 shares of the company’s stock worth $358,727,000 after acquiring an additional 8,848,668 shares during the period.

Schwab US Dividend Equity ETF Price Performance

NYSEARCA:SCHD opened at $28.03 on Thursday. Schwab US Dividend Equity ETF has a 1-year low of $25.18 and a 1-year high of $29.72. The company has a 50-day moving average of $27.93 and a 200 day moving average of $28.13. The firm has a market cap of $69.51 billion, a PE ratio of 17.56 and a beta of 0.86.

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.