ORG Partners LLC Takes Position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

ORG Partners LLC purchased a new stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) during the second quarter, according to the company in its most recent filing with the SEC. The firm purchased 88,483 shares of the company’s stock, valued at approximately $6,849,000. Schwab US Dividend Equity ETF comprises 0.9% of ORG Partners LLC’s investment portfolio, making the stock its 26th biggest position.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sumitomo Life Insurance Co. raised its stake in Schwab US Dividend Equity ETF by 110.7% during the first quarter. Sumitomo Life Insurance Co. now owns 6,320,000 shares of the company’s stock worth $471,352,000 after acquiring an additional 3,320,000 shares during the period. Charles Schwab Trust Bank bought a new position in Schwab US Dividend Equity ETF during the 1st quarter valued at $146,782,000. Focus Financial Network Inc. ADV acquired a new stake in Schwab US Dividend Equity ETF in the 4th quarter valued at about $95,831,000. Diversified LLC increased its holdings in shares of Schwab US Dividend Equity ETF by 493.3% in the first quarter. Diversified LLC now owns 1,128,581 shares of the company’s stock valued at $90,997,000 after buying an additional 938,356 shares in the last quarter. Finally, Cetera Investment Advisers lifted its holdings in shares of Schwab US Dividend Equity ETF by 53.1% during the first quarter. Cetera Investment Advisers now owns 2,104,047 shares of the company’s stock valued at $169,649,000 after purchasing an additional 729,602 shares during the last quarter.

Schwab US Dividend Equity ETF Stock Performance

Shares of SCHD stock traded up $0.10 on Wednesday, reaching $80.74. 2,204,854 shares of the company’s stock traded hands, compared to its average volume of 3,272,767. The company has a market capitalization of $56.64 billion, a P/E ratio of 15.04 and a beta of 0.74. The business’s 50 day moving average price is $79.13 and its two-hundred day moving average price is $78.47. Schwab US Dividend Equity ETF has a 12-month low of $66.67 and a 12-month high of $83.19.

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.