Milestone Asset Management LLC Purchases New Stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Milestone Asset Management LLC purchased a new position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 11,460 shares of the company’s stock, valued at approximately $313,000.

A number of other large investors have also added to or reduced their stakes in SCHD. Sumitomo Life Insurance Co. increased its holdings 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 valued at $732,722,000 after purchasing an additional 17,880,000 shares during the period. Orgel Wealth Management LLC increased its stake in shares of Schwab US Dividend Equity ETF by 159.8% during the fourth quarter. Orgel Wealth Management LLC now owns 11,062,243 shares of the company’s stock valued at $302,220,000 after buying an additional 6,804,908 shares during the period. Keystone Financial Planning Inc. increased its stake in shares of Schwab US Dividend Equity ETF by 188.6% during the fourth quarter. Keystone Financial Planning Inc. now owns 5,365,627 shares of the company’s stock valued at $146,589,000 after buying an additional 3,506,729 shares during the period. LVW Advisors LLC raised its holdings in shares of Schwab US Dividend Equity ETF by 203.4% during the fourth quarter. LVW Advisors LLC now owns 3,597,636 shares of the company’s stock valued at $98,287,000 after acquiring an additional 2,412,003 shares in the last quarter. Finally, Fifth Third Bancorp lifted its stake in Schwab US Dividend Equity ETF by 192.7% in the fourth quarter. Fifth Third Bancorp now owns 3,038,718 shares of the company’s stock worth $83,018,000 after acquiring an additional 2,000,527 shares during the period.

Schwab US Dividend Equity ETF Trading Down 0.1 %

Shares of Schwab US Dividend Equity ETF stock opened at $27.98 on Friday. Schwab US Dividend Equity ETF has a 12-month low of $25.16 and a 12-month high of $29.72. The company has a market cap of $19.63 billion, a P/E ratio of 15.04 and a beta of 0.74. The company’s fifty day simple moving average is $28.07 and its two-hundred day simple moving average is $27.94.

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.