Red Door Wealth Management LLC Purchases 142,946 Shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Red Door Wealth Management LLC increased its position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 194.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 216,604 shares of the company’s stock after acquiring an additional 142,946 shares during the quarter. Red Door Wealth Management LLC’s holdings in Schwab US Dividend Equity ETF were worth $5,918,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. LPL Financial LLC increased its position in shares of Schwab US Dividend Equity ETF by 3.1% during 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. Orgel Wealth Management LLC grew its stake in Schwab US Dividend Equity ETF by 159.8% during the 4th 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 last quarter. Keystone Financial Planning Inc. increased its position in Schwab US Dividend Equity ETF by 188.6% during the 4th quarter. Keystone Financial Planning Inc. now owns 5,365,627 shares of the company’s stock valued at $146,589,000 after buying an additional 3,506,729 shares in the last quarter. Commonwealth Equity Services LLC raised its stake in Schwab US Dividend Equity ETF by 7.5% in the third quarter. Commonwealth Equity Services LLC now owns 4,281,892 shares of the company’s stock valued at $361,948,000 after buying an additional 297,674 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in Schwab US Dividend Equity ETF by 2.9% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 3,629,338 shares of the company’s stock worth $306,788,000 after acquiring an additional 101,637 shares in the last quarter.

Schwab US Dividend Equity ETF Stock Up 0.6 %

SCHD opened at $28.09 on Friday. The company has a market cap of $19.71 billion, a P/E ratio of 15.04 and a beta of 0.74. The firm’s 50-day moving average price is $28.13 and its 200-day moving average price is $27.87. Schwab US Dividend Equity ETF has a 52-week low of $25.16 and a 52-week high of $29.72.

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.