FSA Investment Group LLC Acquires New Position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

FSA Investment Group LLC purchased a new stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 24,217 shares of the company’s stock, valued at approximately $666,000. Schwab US Dividend Equity ETF makes up 0.6% of FSA Investment Group LLC’s investment portfolio, making the stock its 12th biggest holding.

Several other institutional investors and hedge funds have also made changes to their positions in SCHD. Sumitomo Life Insurance Co. raised its position 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 acquiring an additional 17,880,000 shares in the last quarter. Orgel Wealth Management LLC raised its position in shares of Schwab US Dividend Equity ETF by 159.8% in the fourth quarter. Orgel Wealth Management LLC now owns 11,062,243 shares of the company’s stock worth $302,220,000 after acquiring an additional 6,804,908 shares during the period. Keystone Financial Planning Inc. grew its position in shares of Schwab US Dividend Equity ETF by 188.6% during the 4th 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 during the period. LVW Advisors LLC boosted its position in Schwab US Dividend Equity ETF by 203.4% during the fourth quarter. LVW Advisors LLC now owns 3,597,636 shares of the company’s stock worth $98,287,000 after purchasing an additional 2,412,003 shares in the last quarter. Finally, Fifth Third Bancorp grew its holdings in Schwab US Dividend Equity ETF by 192.7% in the fourth quarter. Fifth Third Bancorp now owns 3,038,718 shares of the company’s stock valued at $83,018,000 after purchasing an additional 2,000,527 shares during the period.

Schwab US Dividend Equity ETF Stock Performance

Shares of NYSEARCA SCHD opened at $27.98 on Friday. The firm has a market cap of $19.63 billion, a PE ratio of 15.04 and a beta of 0.74. Schwab US Dividend Equity ETF has a one year low of $25.16 and a one year high of $29.72. The firm has a fifty day moving average of $28.07 and a 200 day moving average of $27.94.

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.