Washington Trust Advisors Inc. Buys 18,281 Shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Washington Trust Advisors Inc. raised its stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 351.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 23,476 shares of the company’s stock after buying an additional 18,281 shares during the quarter. Washington Trust Advisors Inc.’s holdings in Schwab US Dividend Equity ETF were worth $641,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of SCHD. Raymond James Financial Inc. bought a new stake in shares of Schwab US Dividend Equity ETF in the fourth quarter worth $592,939,000. Sumitomo Life Insurance Co. lifted 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 worth $732,722,000 after purchasing an additional 17,880,000 shares in the last quarter. Wealthspire Advisors LLC lifted its position in shares of Schwab US Dividend Equity ETF by 195.8% in the fourth quarter. Wealthspire Advisors LLC now owns 15,144,112 shares of the company’s stock worth $413,737,000 after purchasing an additional 10,024,156 shares in the last quarter. Orgel Wealth Management LLC lifted its position in shares of Schwab US Dividend Equity ETF by 159.8% in the fourth quarter. Orgel Wealth Management LLC now owns 11,062,243 shares of the company’s stock worth $302,220,000 after purchasing an additional 6,804,908 shares in the last quarter. Finally, Cassaday & Co Wealth Management LLC lifted its position in shares of Schwab US Dividend Equity ETF by 210.2% in the fourth quarter. Cassaday & Co Wealth Management LLC now owns 5,755,912 shares of the company’s stock worth $157,252,000 after purchasing an additional 3,900,238 shares in the last quarter.

Schwab US Dividend Equity ETF Stock Up 0.5 %

Shares of SCHD stock opened at $28.05 on Thursday. The company’s fifty day simple moving average is $27.82 and its 200-day simple moving average is $28.12. The firm has a market cap of $68.72 billion, a PE ratio of 17.48 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 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.