Maripau Wealth Management LLC Purchases Shares of 23,868 Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Maripau Wealth Management LLC purchased a new stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 23,868 shares of the company’s stock, valued at approximately $652,000.

Several other hedge funds have also modified their holdings of SCHD. Sumitomo Life Insurance Co. increased its holdings in shares of Schwab US Dividend Equity ETF by 200.0% during the fourth quarter. Sumitomo Life Insurance Co. now owns 26,820,000 shares of the company’s stock valued at $732,722,000 after acquiring an additional 17,880,000 shares in the last quarter. Wealthspire Advisors LLC increased its holdings in shares of Schwab US Dividend Equity ETF by 195.8% during the fourth quarter. Wealthspire Advisors LLC now owns 15,144,112 shares of the company’s stock valued at $413,737,000 after acquiring an additional 10,024,156 shares in the last quarter. LPL Financial LLC increased its holdings in shares of Schwab US Dividend Equity ETF by 3.1% during 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 in the last quarter. Orgel Wealth Management LLC increased its holdings 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 acquiring an additional 6,804,908 shares in the last quarter. Finally, Cassaday & Co Wealth Management LLC increased its holdings in shares of Schwab US Dividend Equity ETF by 210.2% during the fourth quarter. Cassaday & Co Wealth Management LLC now owns 5,755,912 shares of the company’s stock valued at $157,252,000 after acquiring an additional 3,900,238 shares in the last quarter.

Schwab US Dividend Equity ETF Stock Up 1.3 %

SCHD opened at $28.54 on Friday. Schwab US Dividend Equity ETF has a 52-week low of $25.18 and a 52-week high of $29.72. The company has a market cap of $69.92 billion, a P/E ratio of 17.48 and a beta of 0.88. The firm’s 50-day moving average price is $27.78 and its 200-day moving average price is $28.09.

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.