Cathy Pareto & Associates Inc. Buys New Stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Cathy Pareto & Associates Inc. purchased a new stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 70,266 shares of the company’s stock, valued at approximately $1,920,000. Schwab US Dividend Equity ETF makes up 1.8% of Cathy Pareto & Associates Inc.’s investment portfolio, making the stock its 17th largest position.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Orgel Wealth Management LLC boosted its holdings in Schwab US Dividend Equity ETF by 159.8% in the fourth quarter. Orgel Wealth Management LLC now owns 11,062,243 shares of the company’s stock worth $302,220,000 after purchasing an additional 6,804,908 shares during the period. Keystone Financial Planning Inc. raised its position in Schwab US Dividend Equity ETF by 188.6% in the fourth quarter. Keystone Financial Planning Inc. now owns 5,365,627 shares of the company’s stock worth $146,589,000 after acquiring an additional 3,506,729 shares in the last quarter. LVW Advisors LLC grew its holdings in shares of Schwab US Dividend Equity ETF by 203.4% in the 4th quarter. LVW Advisors LLC now owns 3,597,636 shares of the company’s stock worth $98,287,000 after acquiring an additional 2,412,003 shares during the last quarter. Fifth Third Bancorp boosted its stake in Schwab US Dividend Equity ETF by 192.7% in the 4th quarter. Fifth Third Bancorp now owns 3,038,718 shares of the company’s stock worth $83,018,000 after purchasing an additional 2,000,527 shares during the period. Finally, Ameritas Advisory Services LLC raised its position in Schwab US Dividend Equity ETF by 217.1% during the fourth quarter. Ameritas Advisory Services LLC now owns 2,173,729 shares of the company’s stock valued at $59,386,000 after buying an additional 1,488,281 shares during the period.

Schwab US Dividend Equity ETF Stock Performance

Shares of SCHD opened at $28.07 on Monday. The firm has a market cap of $19.69 billion, a PE ratio of 15.04 and a beta of 0.74. The firm’s 50 day moving average price is $28.10 and its 200 day moving average price is $27.92. Schwab US Dividend Equity ETF has a twelve month low of $25.16 and a twelve month high of $29.72.

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.