Robbins Farley Has $7.79 Million Stock Holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Robbins Farley boosted its holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 198.5% during the fourth quarter, Holdings Channel reports. The fund owned 285,170 shares of the company’s stock after purchasing an additional 189,637 shares during the period. Schwab US Dividend Equity ETF makes up 3.7% of Robbins Farley’s holdings, making the stock its 2nd largest holding. Robbins Farley’s holdings in Schwab US Dividend Equity ETF were worth $7,791,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in SCHD. Sumitomo Life Insurance Co. raised its position 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 valued at $732,722,000 after purchasing an additional 17,880,000 shares during the period. Orgel Wealth Management LLC grew its stake in 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 buying an additional 6,804,908 shares during the last quarter. Keystone Financial Planning Inc. raised its holdings 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 valued at $146,589,000 after acquiring an additional 3,506,729 shares during the period. HHM Wealth Advisors LLC lifted its position in Schwab US Dividend Equity ETF by 207.3% during the fourth quarter. HHM Wealth Advisors LLC now owns 4,872,578 shares of the company’s stock worth $133,119,000 after acquiring an additional 3,286,917 shares during the last quarter. Finally, LVW Advisors LLC boosted its holdings in shares of 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 acquiring an additional 2,412,003 shares during the period.

Schwab US Dividend Equity ETF Trading Down 0.4 %

Shares of NYSEARCA SCHD opened at $27.72 on Tuesday. The firm has a market cap of $19.45 billion, a P/E ratio of 15.04 and a beta of 0.74. The business’s 50 day moving average is $28.02 and its 200-day moving average is $27.96. Schwab US Dividend Equity ETF has a 1-year low of $25.16 and a 1-year high of $29.72.

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.