North Forty Two & Co. Acquires Shares of 48,158 Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

North Forty Two & Co. acquired a new stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 48,158 shares of the company’s stock, valued at approximately $1,316,000. Schwab US Dividend Equity ETF makes up about 1.5% of North Forty Two & Co.’s portfolio, making the stock its 19th largest position.

Several other large investors also recently bought and sold shares of SCHD. Raymond James Financial Inc. acquired a new position in Schwab US Dividend Equity ETF in the fourth quarter valued at $592,939,000. Sumitomo Life Insurance Co. boosted its stake in shares of 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 worth $732,722,000 after buying an additional 17,880,000 shares during the period. Avantax Advisory Services Inc. boosted its stake in shares of Schwab US Dividend Equity ETF by 205.8% during the fourth quarter. Avantax Advisory Services Inc. now owns 26,003,626 shares of the company’s stock worth $710,419,000 after buying an additional 17,501,170 shares during the period. Wealthspire Advisors LLC boosted its stake in shares of Schwab US Dividend Equity ETF by 195.8% during the fourth quarter. Wealthspire Advisors LLC now owns 15,144,112 shares of the company’s stock worth $413,737,000 after buying an additional 10,024,156 shares during the period. Finally, Commonwealth Equity Services LLC boosted its stake in shares of Schwab US Dividend Equity ETF by 206.7% during the fourth quarter. Commonwealth Equity Services LLC now owns 13,130,560 shares of the company’s stock worth $358,727,000 after buying an additional 8,848,668 shares during the period.

Schwab US Dividend Equity ETF Stock Performance

Shares of SCHD opened at $27.92 on Wednesday. Schwab US Dividend Equity ETF has a fifty-two week low of $25.18 and a fifty-two week high of $29.72. The company has a market capitalization of $69.24 billion, a price-to-earnings ratio of 17.56 and a beta of 0.86. The firm has a 50-day simple moving average of $27.91 and a 200-day simple moving average of $28.13.

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.