Elevation Capital Advisory LLC Boosts Stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Elevation Capital Advisory LLC raised its position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 221.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 46,883 shares of the company’s stock after acquiring an additional 32,319 shares during the period. Elevation Capital Advisory LLC’s holdings in Schwab US Dividend Equity ETF were worth $1,281,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new stake in shares of Schwab US Dividend Equity ETF in the fourth quarter worth about $592,939,000. Sumitomo Life Insurance Co. boosted its position 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 worth $732,722,000 after buying an additional 17,880,000 shares during the period. Wealthspire Advisors LLC boosted its position 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 worth $413,737,000 after buying an additional 10,024,156 shares during the period. Orgel Wealth Management LLC boosted its position 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 worth $302,220,000 after buying an additional 6,804,908 shares during the period. Finally, Cassaday & Co Wealth Management LLC boosted its position in shares of Schwab US Dividend Equity ETF by 210.2% in the fourth quarter. Cassaday & Co Wealth Management LLC now owns 5,755,912 shares of the company’s stock worth $157,252,000 after buying an additional 3,900,238 shares during the period.

Schwab US Dividend Equity ETF Price Performance

Shares of NYSEARCA SCHD opened at $28.07 on Friday. Schwab US Dividend Equity ETF has a 1-year low of $25.18 and a 1-year high of $29.72. The business has a 50-day moving average of $27.83 and a 200-day moving average of $28.12. The company has a market capitalization of $68.77 billion, a price-to-earnings ratio of 17.48 and a beta of 0.88.

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.