Aspen Wealth Strategies LLC Buys 50,292 Shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Aspen Wealth Strategies LLC raised its stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 238.3% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 71,397 shares of the company’s stock after acquiring an additional 50,292 shares during the period. Schwab US Dividend Equity ETF accounts for about 1.2% of Aspen Wealth Strategies LLC’s holdings, making the stock its 13th biggest holding. Aspen Wealth Strategies LLC’s holdings in Schwab US Dividend Equity ETF were worth $1,951,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its stake in Schwab US Dividend Equity ETF by 7.2% in the third quarter. JPMorgan Chase & Co. now owns 1,568,103 shares of the company’s stock valued at $132,552,000 after buying an additional 104,855 shares in the last quarter. GAMMA Investing LLC lifted its stake in Schwab US Dividend Equity ETF by 200.0% in the fourth quarter. GAMMA Investing LLC now owns 9,753 shares of the company’s stock valued at $266,000 after buying an additional 6,502 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in Schwab US Dividend Equity ETF in the third quarter valued at approximately $163,000. Tenon Financial LLC lifted its stake in Schwab US Dividend Equity ETF by 200.1% in the fourth quarter. Tenon Financial LLC now owns 15,121 shares of the company’s stock valued at $412,000 after buying an additional 10,082 shares in the last quarter. Finally, Summit Wealth & Retirement Planning Inc. raised its holdings in shares of Schwab US Dividend Equity ETF by 195.0% in the fourth quarter. Summit Wealth & Retirement Planning Inc. now owns 26,180 shares of the company’s stock valued at $715,000 after purchasing an additional 17,305 shares during the last quarter.

Schwab US Dividend Equity ETF Stock Up 1.2 %

NYSEARCA SCHD opened at $27.96 on Tuesday. Schwab US Dividend Equity ETF has a 12-month low of $25.18 and a 12-month high of $29.72. The company has a market capitalization of $69.34 billion, a PE ratio of 17.56 and a beta of 0.86. The firm’s 50 day moving average is $27.90 and its 200-day moving average is $28.13.

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.