Granite Bay Wealth Management LLC Invests $694,000 in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Granite Bay Wealth Management LLC purchased a new stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 25,390 shares of the company’s stock, valued at approximately $694,000.

Several other institutional investors and hedge funds also recently made changes to their positions in SCHD. LPL Financial LLC grew its stake in 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 worth $974,748,000 after purchasing an additional 350,872 shares in the last quarter. Keystone Financial Planning Inc. boosted its holdings in Schwab US Dividend Equity ETF by 188.6% in the fourth quarter. Keystone Financial Planning Inc. now owns 5,365,627 shares of the company’s stock worth $146,589,000 after purchasing an additional 3,506,729 shares during the period. Commonwealth Equity Services LLC increased its stake in Schwab US Dividend Equity ETF by 7.5% during the third quarter. Commonwealth Equity Services LLC now owns 4,281,892 shares of the company’s stock valued at $361,948,000 after purchasing an additional 297,674 shares during the last quarter. Orgel Wealth Management LLC raised its holdings in shares of Schwab US Dividend Equity ETF by 1.7% during the third quarter. Orgel Wealth Management LLC now owns 4,257,335 shares of the company’s stock worth $359,873,000 after purchasing an additional 70,852 shares during the period. Finally, Wealth Enhancement Advisory Services LLC lifted its position in shares of Schwab US Dividend Equity ETF by 2.9% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 3,629,338 shares of the company’s stock worth $306,788,000 after buying an additional 101,637 shares during the last quarter.

Schwab US Dividend Equity ETF Stock Performance

NYSEARCA SCHD opened at $27.30 on Tuesday. Schwab US Dividend Equity ETF has a one year low of $24.97 and a one year high of $29.72. The company has a 50-day simple moving average of $28.27 and a 200-day simple moving average of $27.78. The firm has a market capitalization of $19.15 billion, a PE ratio of 15.04 and a beta of 0.74.

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.