Orgel Wealth Management LLC Boosts Holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Orgel Wealth Management LLC lifted its holdings in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 159.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,062,243 shares of the company’s stock after buying an additional 6,804,908 shares during the quarter. Schwab US Dividend Equity ETF comprises 7.9% of Orgel Wealth Management LLC’s investment portfolio, making the stock its 3rd biggest position. Orgel Wealth Management LLC owned about 1.58% of Schwab US Dividend Equity ETF worth $302,220,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of SCHD. Central Pacific Bank Trust Division increased its position in shares of Schwab US Dividend Equity ETF by 200.0% during the fourth quarter. Central Pacific Bank Trust Division now owns 906 shares of the company’s stock valued at $25,000 after buying an additional 604 shares during the period. IFS Advisors LLC grew its stake in Schwab US Dividend Equity ETF by 184.4% during the fourth quarter. IFS Advisors LLC now owns 1,078 shares of the company’s stock valued at $29,000 after acquiring an additional 699 shares in the last quarter. Kennebec Savings Bank bought a new stake in Schwab US Dividend Equity ETF during the 3rd quarter worth approximately $31,000. Barrett & Company Inc. purchased a new stake in Schwab US Dividend Equity ETF in the 3rd quarter worth approximately $34,000. Finally, Legacy Investment Solutions LLC bought a new position in Schwab US Dividend Equity ETF in the 3rd quarter valued at $34,000.

Schwab US Dividend Equity ETF Stock Up 0.6 %

Shares of NYSEARCA SCHD opened at $27.99 on Friday. The firm has a market capitalization of $19.63 billion, a P/E ratio of 15.04 and a beta of 0.74. The stock’s 50-day simple moving average is $28.19 and its two-hundred day simple moving average is $27.82. Schwab US Dividend Equity ETF has a twelve month low of $25.03 and a twelve month high of $29.72.

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.