Kestra Private Wealth Services LLC Increases Stock Position in Schwab U.S. Dividend Equity ETF (NYSEARCA:SCHD)

Kestra Private Wealth Services LLC boosted its position in Schwab U.S. Dividend Equity ETF (NYSEARCA:SCHD) by 156.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 154,542 shares of the company’s stock after buying an additional 94,190 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Schwab U.S. Dividend Equity ETF were worth $11,765,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. LPL Financial LLC increased its position in shares of Schwab U.S. Dividend Equity ETF by 4.7% in the 3rd quarter. LPL Financial LLC now owns 11,272,535 shares of the company’s stock worth $797,645,000 after purchasing an additional 503,970 shares during the last quarter. Avantax Advisory Services Inc. raised its stake in Schwab U.S. Dividend Equity ETF by 3.7% during the third quarter. Avantax Advisory Services Inc. now owns 7,458,984 shares of the company’s stock valued at $527,798,000 after buying an additional 266,516 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in Schwab U.S. Dividend Equity ETF by 2.6% during the 3rd quarter. Envestnet Asset Management Inc. now owns 5,778,626 shares of the company’s stock worth $408,896,000 after buying an additional 145,168 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its position in shares of Schwab U.S. Dividend Equity ETF by 1.9% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 5,188,556 shares of the company’s stock worth $367,142,000 after acquiring an additional 96,234 shares in the last quarter. Finally, Commonwealth Equity Services LLC increased its holdings in shares of Schwab U.S. Dividend Equity ETF by 8.6% in the 3rd quarter. Commonwealth Equity Services LLC now owns 4,422,807 shares of the company’s stock valued at $312,958,000 after acquiring an additional 348,710 shares during the last quarter.

Schwab U.S. Dividend Equity ETF Price Performance

SCHD traded up $0.44 during trading hours on Monday, hitting $77.92. 2,473,132 shares of the stock were exchanged, compared to its average volume of 3,608,732. Schwab U.S. Dividend Equity ETF has a 12 month low of $66.67 and a 12 month high of $80.82. The stock has a 50-day simple moving average of $78.32 and a 200-day simple moving average of $75.31. The stock has a market cap of $54.51 billion, a price-to-earnings ratio of 14.82 and a beta of 0.77.

About Schwab U.S. 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.