Horizon Investments LLC Purchases 774,735 Shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Horizon Investments LLC lifted its position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 214.1% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,136,604 shares of the company’s stock after buying an additional 774,735 shares during the period. Schwab US Dividend Equity ETF makes up about 0.9% of Horizon Investments LLC’s portfolio, making the stock its 14th largest position. Horizon Investments LLC’s holdings in Schwab US Dividend Equity ETF were worth $31,052,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new stake in shares of Schwab US Dividend Equity ETF during the fourth quarter worth about $592,939,000. 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 purchasing an additional 17,880,000 shares in the last quarter. 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 purchasing an additional 17,501,170 shares in the last quarter. Wealthspire Advisors LLC lifted its stake in 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 valued at $413,737,000 after buying an additional 10,024,156 shares in the last quarter. Finally, Commonwealth Equity Services LLC boosted its holdings in shares of Schwab US Dividend Equity ETF by 206.7% in the fourth quarter. Commonwealth Equity Services LLC now owns 13,130,560 shares of the company’s stock valued at $358,727,000 after buying an additional 8,848,668 shares during the period.

Schwab US Dividend Equity ETF Stock Up 1.2 %

Shares of SCHD stock opened at $27.96 on Tuesday. The company has a market capitalization of $69.34 billion, a price-to-earnings ratio of 17.56 and a beta of 0.86. Schwab US Dividend Equity ETF has a 12-month low of $25.18 and a 12-month high of $29.72. The firm has a fifty day moving average of $27.90 and a 200-day moving average of $28.13.

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.