Foster & Motley Inc. Grows Stock Position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Foster & Motley Inc. grew its holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 191.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 10,756 shares of the company’s stock after acquiring an additional 7,071 shares during the quarter. Foster & Motley Inc.’s holdings in Schwab US Dividend Equity ETF were worth $294,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Sumitomo Life Insurance Co. increased its stake in Schwab US Dividend Equity ETF by 200.0% during the 4th 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 grew its holdings in shares of 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 buying an additional 350,872 shares during the last quarter. Orgel Wealth Management LLC increased its position in shares of Schwab US Dividend Equity ETF by 159.8% in the 4th quarter. Orgel Wealth Management LLC now owns 11,062,243 shares of the company’s stock valued at $302,220,000 after acquiring an additional 6,804,908 shares during the period. Keystone Financial Planning Inc. raised its stake in Schwab US Dividend Equity ETF by 188.6% in the 4th quarter. Keystone Financial Planning Inc. now owns 5,365,627 shares of the company’s stock worth $146,589,000 after acquiring an additional 3,506,729 shares during the last quarter. Finally, Commonwealth Equity Services LLC lifted its position in Schwab US Dividend Equity ETF by 7.5% during the 3rd quarter. Commonwealth Equity Services LLC now owns 4,281,892 shares of the company’s stock worth $361,948,000 after acquiring an additional 297,674 shares during the period.

Schwab US Dividend Equity ETF Stock Down 0.5 %

Shares of NYSEARCA:SCHD opened at $27.83 on Friday. Schwab US Dividend Equity ETF has a 52-week low of $25.16 and a 52-week high of $29.72. The stock has a market cap of $19.52 billion, a price-to-earnings ratio of 15.04 and a beta of 0.74. The business has a 50-day moving average price of $28.05 and a 200-day moving average price 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.