B. Riley Wealth Advisors Inc. Purchases 85,576 Shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

B. Riley Wealth Advisors Inc. grew its stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 191.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 130,374 shares of the company’s stock after buying an additional 85,576 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Schwab US Dividend Equity ETF were worth $3,562,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of SCHD. Bank of America Corp DE increased its position in shares of Schwab US Dividend Equity ETF by 569.6% during the fourth quarter. Bank of America Corp DE now owns 49,630,784 shares of the company’s stock valued at $1,355,913,000 after buying an additional 42,218,696 shares during the period. LPL Financial LLC increased its position in shares of Schwab US Dividend Equity ETF by 214.9% during the fourth quarter. LPL Financial LLC now owns 36,314,776 shares of the company’s stock valued at $992,120,000 after buying an additional 24,783,386 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Schwab US Dividend Equity ETF during the fourth quarter valued at about $592,939,000. Sumitomo Life Insurance Co. increased its position in shares of Schwab US Dividend Equity ETF by 200.0% during the fourth quarter. Sumitomo Life Insurance Co. now owns 26,820,000 shares of the company’s stock valued at $732,722,000 after buying an additional 17,880,000 shares during the period. Finally, Avantax Advisory Services Inc. increased its position in shares of Schwab US Dividend Equity ETF by 205.8% during the fourth quarter. Avantax Advisory Services Inc. now owns 26,003,626 shares of the company’s stock valued at $710,419,000 after buying an additional 17,501,170 shares during the period.

Schwab US Dividend Equity ETF Stock Down 0.3%

Shares of SCHD opened at $25.89 on Monday. The business’s 50-day moving average price is $26.18 and its 200-day moving average price is $27.43. Schwab US Dividend Equity ETF has a twelve month low of $23.87 and a twelve month high of $29.72. The stock has a market cap of $67.31 billion, a PE ratio of 15.01 and a beta of 0.82.

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.