GPM Growth Investors Inc. Buys 67,441 Shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

GPM Growth Investors Inc. raised its stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 202.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 100,761 shares of the company’s stock after buying an additional 67,441 shares during the quarter. GPM Growth Investors Inc.’s holdings in Schwab US Dividend Equity ETF were worth $2,753,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Sumitomo Life Insurance Co. increased its holdings in shares of Schwab US Dividend Equity ETF by 200.0% in the fourth 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 last quarter. Raymond James Financial Inc. acquired a new position in shares of Schwab US Dividend Equity ETF in the fourth quarter valued at $592,939,000. Wealthspire Advisors LLC increased its holdings in shares of Schwab US Dividend Equity ETF by 195.8% in the fourth quarter. Wealthspire Advisors LLC now owns 15,144,112 shares of the company’s stock valued at $413,737,000 after purchasing an additional 10,024,156 shares during the last quarter. LPL Financial LLC increased its holdings 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 purchasing an additional 350,872 shares during the last quarter. Finally, Orgel Wealth Management LLC increased its holdings in shares of 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 valued at $302,220,000 after purchasing an additional 6,804,908 shares during the last quarter.

Schwab US Dividend Equity ETF Price Performance

NYSEARCA:SCHD opened at $28.05 on Thursday. Schwab US Dividend Equity ETF has a one year low of $25.18 and a one year high of $29.72. The company has a market cap of $68.72 billion, a P/E ratio of 17.48 and a beta of 0.88. The firm’s fifty day moving average price is $27.82 and its two-hundred day moving average price is $28.12.

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.