Axis Wealth Partners LLC Takes Position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Axis Wealth Partners LLC bought a new position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 140,945 shares of the company’s stock, valued at approximately $3,851,000. Schwab US Dividend Equity ETF makes up about 3.2% of Axis Wealth Partners LLC’s portfolio, making the stock its 5th largest position.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Raymond James Financial Inc. bought a new position in shares of Schwab US Dividend Equity ETF during the fourth quarter valued at about $592,939,000. Sumitomo Life Insurance Co. increased its stake in Schwab US Dividend Equity ETF by 200.0% in the 4th quarter. Sumitomo Life Insurance Co. now owns 26,820,000 shares of the company’s stock valued at $732,722,000 after buying an additional 17,880,000 shares during the last quarter. Wealthspire Advisors LLC increased its stake 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 valued at $413,737,000 after buying an additional 10,024,156 shares during the last quarter. Orgel Wealth Management LLC lifted its position in shares of Schwab US Dividend Equity ETF by 159.8% during the 4th quarter. Orgel Wealth Management LLC now owns 11,062,243 shares of the company’s stock worth $302,220,000 after buying an additional 6,804,908 shares in the last quarter. Finally, Cassaday & Co Wealth Management LLC boosted its stake in shares of Schwab US Dividend Equity ETF by 210.2% in the 4th quarter. Cassaday & Co Wealth Management LLC now owns 5,755,912 shares of the company’s stock worth $157,252,000 after buying an additional 3,900,238 shares during the last quarter.

Schwab US Dividend Equity ETF Trading Up 1.4 %

Shares of SCHD opened at $28.46 on Friday. The stock has a 50 day moving average of $27.85 and a 200 day moving average of $28.13. The company has a market capitalization of $69.73 billion, a price-to-earnings ratio of 17.56 and a beta of 0.88. Schwab US Dividend Equity ETF has a 12 month low of $25.18 and a 12 month 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.