Channel Wealth LLC Raises Position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Channel Wealth LLC raised its position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 293.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 206,440 shares of the company’s stock after acquiring an additional 153,968 shares during the quarter. Schwab US Dividend Equity ETF makes up 1.8% of Channel Wealth LLC’s investment portfolio, making the stock its 14th largest position. Channel Wealth LLC’s holdings in Schwab US Dividend Equity ETF were worth $5,640,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. LPL Financial LLC increased its position in shares of Schwab US Dividend Equity ETF by 3.1% in the third quarter. LPL Financial LLC now owns 11,531,390 shares of the company’s stock valued at $974,748,000 after acquiring an additional 350,872 shares during the period. Keystone Financial Planning Inc. boosted its stake in shares of Schwab US Dividend Equity ETF by 188.6% during the 4th quarter. Keystone Financial Planning Inc. now owns 5,365,627 shares of the company’s stock valued at $146,589,000 after purchasing an additional 3,506,729 shares in the last quarter. Commonwealth Equity Services LLC boosted its stake in Schwab US Dividend Equity ETF by 7.5% during the third quarter. Commonwealth Equity Services LLC now owns 4,281,892 shares of the company’s stock worth $361,948,000 after acquiring an additional 297,674 shares in the last quarter. Orgel Wealth Management LLC boosted its stake in Schwab US Dividend Equity ETF by 1.7% during the third quarter. Orgel Wealth Management LLC now owns 4,257,335 shares of the company’s stock worth $359,873,000 after acquiring an additional 70,852 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in Schwab US Dividend Equity ETF by 2.9% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 3,629,338 shares of the company’s stock worth $306,788,000 after acquiring an additional 101,637 shares in the last quarter.

Schwab US Dividend Equity ETF Price Performance

NYSEARCA:SCHD opened at $27.83 on Friday. Schwab US Dividend Equity ETF has a one year low of $24.97 and a one year high of $29.72. The company’s 50-day simple moving average is $28.21 and its 200 day simple moving average is $27.79. The firm has a market capitalization of $19.52 billion, a P/E ratio of 15.04 and a beta of 0.74.

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.