Financial Partners Group Inc Boosts Stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Financial Partners Group Inc raised its stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 4,536.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 222,948 shares of the company’s stock after acquiring an additional 218,139 shares during the quarter. Schwab US Dividend Equity ETF makes up about 0.9% of Financial Partners Group Inc’s portfolio, making the stock its 26th biggest position. Financial Partners Group Inc’s holdings in Schwab US Dividend Equity ETF were worth $6,091,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Central Pacific Bank Trust Division boosted its position in shares of Schwab US Dividend Equity ETF by 200.0% in the 4th quarter. Central Pacific Bank Trust Division now owns 906 shares of the company’s stock worth $25,000 after purchasing an additional 604 shares in the last quarter. Hoese & Co LLP purchased a new stake in Schwab US Dividend Equity ETF in the fourth quarter valued at about $26,000. IFS Advisors LLC boosted its holdings in Schwab US Dividend Equity ETF by 184.4% in the fourth quarter. IFS Advisors LLC now owns 1,078 shares of the company’s stock worth $29,000 after acquiring an additional 699 shares in the last quarter. Kennebec Savings Bank purchased a new stake in shares of Schwab US Dividend Equity ETF during the third quarter worth about $31,000. Finally, Olistico Wealth LLC increased its holdings in shares of Schwab US Dividend Equity ETF by 202.2% during the fourth quarter. Olistico Wealth LLC now owns 1,118 shares of the company’s stock valued at $31,000 after acquiring an additional 748 shares in the last quarter.

Schwab US Dividend Equity ETF Stock Down 0.5 %

SCHD stock opened at $27.83 on Monday. Schwab US Dividend Equity ETF has a 52 week low of $25.16 and a 52 week high of $29.72. The stock has a market capitalization of $19.52 billion, a PE ratio of 15.04 and a beta of 0.74. The firm has a 50 day moving average of $28.02 and a 200 day moving average of $27.96.

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.