Eldridge Investment Advisors Inc. Purchases 73,960 Shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Eldridge Investment Advisors Inc. boosted its stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 204.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 110,055 shares of the company’s stock after acquiring an additional 73,960 shares during the period. Eldridge Investment Advisors Inc.’s holdings in Schwab US Dividend Equity ETF were worth $3,007,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in 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 worth $732,722,000 after acquiring an additional 17,880,000 shares during the period. Avantax Advisory Services Inc. increased its stake in Schwab US Dividend Equity ETF by 205.8% during the 4th quarter. Avantax Advisory Services Inc. now owns 26,003,626 shares of the company’s stock worth $710,419,000 after acquiring an additional 17,501,170 shares during the period. Raymond James Financial Inc. bought a new position in Schwab US Dividend Equity ETF during the 4th quarter worth $592,939,000. Wealthspire Advisors LLC increased its stake in Schwab US Dividend Equity ETF by 195.8% during the 4th 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 increased its stake in Schwab US Dividend Equity ETF by 206.7% during the 4th 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

Schwab US Dividend Equity ETF stock opened at $27.64 on Friday. The stock’s fifty day moving average price is $27.89 and its two-hundred day moving average price is $28.13. The firm has a market cap of $68.55 billion, a PE ratio of 17.56 and a beta of 0.86. Schwab US Dividend Equity ETF has a one year low of $25.18 and a one 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.