Leo Wealth LLC Grows Stake in Schwab US Dividend Equity ETF $SCHD

Leo Wealth LLC increased its position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 2,577.4% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 802,763 shares of the company’s stock after purchasing an additional 772,780 shares during the quarter. Schwab US Dividend Equity ETF accounts for 1.6% of Leo Wealth LLC’s investment portfolio, making the stock its 15th biggest holding. Leo Wealth LLC’s holdings in Schwab US Dividend Equity ETF were worth $22,019,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Rakuten Investment Management Inc. purchased a new position in shares of Schwab US Dividend Equity ETF in the third quarter valued at $1,127,144,000. Sumitomo Life Insurance Co. purchased a new stake in shares of Schwab US Dividend Equity ETF in the 3rd quarter worth about $847,665,000. Cibc World Market Inc. grew its stake in Schwab US Dividend Equity ETF by 243.5% in the 3rd quarter. Cibc World Market Inc. now owns 5,328,615 shares of the company’s stock valued at $145,471,000 after acquiring an additional 3,777,339 shares during the last quarter. Osaic Holdings Inc. grew its stake in Schwab US Dividend Equity ETF by 12.1% in the 2nd quarter. Osaic Holdings Inc. now owns 11,264,610 shares of the company’s stock valued at $298,684,000 after acquiring an additional 1,217,005 shares during the last quarter. Finally, Lido Advisors LLC purchased a new position in Schwab US Dividend Equity ETF during the 3rd quarter valued at about $32,308,000.

Schwab US Dividend Equity ETF Stock Performance

Shares of SCHD opened at $30.56 on Monday. The stock has a market cap of $84.52 billion, a P/E ratio of 14.57 and a beta of 0.77. The company has a 50-day moving average of $30.90 and a two-hundred day moving average of $28.67. Schwab US Dividend Equity ETF has a 12-month low of $23.87 and a 12-month high of $31.95.

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.