Next Capital Management LLC Raises Stock Holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Next Capital Management LLC boosted its stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 207.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,106 shares of the company’s stock after purchasing an additional 21,655 shares during the quarter. Next Capital Management LLC’s holdings in Schwab US Dividend Equity ETF were worth $877,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the stock. Raymond James Financial Inc. purchased a new position in shares of Schwab US Dividend Equity ETF during the 4th quarter valued at about $592,939,000. Sumitomo Life Insurance Co. grew its position in 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 valued at $732,722,000 after acquiring an additional 17,880,000 shares during the last quarter. Avantax Advisory Services Inc. raised 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 acquiring an additional 17,501,170 shares in the last quarter. Wealthspire Advisors LLC raised 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 acquiring an additional 10,024,156 shares in the last quarter. Finally, Commonwealth Equity Services LLC lifted its holdings in shares of Schwab US Dividend Equity ETF by 206.7% in 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 last quarter.

Schwab US Dividend Equity ETF Stock Performance

SCHD stock opened at $27.92 on Wednesday. The firm has a market cap of $69.24 billion, a P/E ratio of 17.56 and a beta of 0.86. The firm’s fifty day moving average is $27.91 and its 200 day moving average is $28.13. Schwab US Dividend Equity ETF has a 52 week low of $25.18 and a 52 week high of $29.72.

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.