Opus Investment Management Inc. Grows Holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Opus Investment Management Inc. grew its stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 6.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,222 shares of the company’s stock after buying an additional 1,681 shares during the period. Schwab US Dividend Equity ETF makes up about 1.1% of Opus Investment Management Inc.’s holdings, making the stock its 26th biggest holding. Opus Investment Management Inc.’s holdings in Schwab US Dividend Equity ETF were worth $1,996,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of SCHD. LPL Financial LLC boosted its stake in shares of Schwab US Dividend Equity ETF by 4.7% in the 3rd quarter. LPL Financial LLC now owns 11,272,535 shares of the company’s stock valued at $797,645,000 after purchasing an additional 503,970 shares in the last quarter. Charles Schwab Investment Advisory Inc. boosted its stake in shares of Schwab US Dividend Equity ETF by 0.5% in the 4th quarter. Charles Schwab Investment Advisory Inc. now owns 9,680,868 shares of the company’s stock valued at $737,004,000 after purchasing an additional 45,013 shares in the last quarter. Avantax Advisory Services Inc. boosted its stake in shares of Schwab US Dividend Equity ETF by 3.7% in the 3rd quarter. Avantax Advisory Services Inc. now owns 7,458,984 shares of the company’s stock valued at $527,798,000 after purchasing an additional 266,516 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of Schwab US Dividend Equity ETF by 2.6% in the 3rd quarter. Envestnet Asset Management Inc. now owns 5,778,626 shares of the company’s stock valued at $408,896,000 after purchasing an additional 145,168 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in Schwab US Dividend Equity ETF by 2.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,349,008 shares of the company’s stock valued at $307,736,000 after buying an additional 95,086 shares during the last quarter.

Schwab US Dividend Equity ETF Stock Performance

NYSEARCA:SCHD traded down $0.26 during midday trading on Wednesday, reaching $79.20. 2,979,667 shares of the stock traded hands, compared to its average volume of 3,435,447. The company has a fifty day moving average of $78.58 and a 200 day moving average of $76.38. Schwab US Dividend Equity ETF has a 12 month low of $66.67 and a 12 month high of $80.82. The stock has a market capitalization of $55.56 billion, a P/E ratio of 15.04 and a beta of 0.74.

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.