Thrivent Financial for Lutherans Grows Stock Holdings in Schwab US Dividend Equity ETF $SCHD

Thrivent Financial for Lutherans boosted its holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 48.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 1,349,031 shares of the company’s stock after acquiring an additional 442,198 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Schwab US Dividend Equity ETF were worth $37,353,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the business. Rakuten Investment Management Inc. purchased a new position in Schwab US Dividend Equity ETF in the 3rd quarter valued at approximately $1,127,144,000. Sumitomo Life Insurance Co. purchased a new position in shares of Schwab US Dividend Equity ETF during the 3rd quarter valued at $847,665,000. Avantax Planning Partners Inc. grew its position in shares of Schwab US Dividend Equity ETF by 3.8% during the 4th quarter. Avantax Planning Partners Inc. now owns 10,106,223 shares of the company’s stock valued at $277,214,000 after purchasing an additional 366,548 shares in the last quarter. Cassaday & Co Wealth Management LLC grew its position in shares of Schwab US Dividend Equity ETF by 52.2% during the 4th quarter. Cassaday & Co Wealth Management LLC now owns 9,244,248 shares of the company’s stock valued at $253,570,000 after purchasing an additional 3,170,728 shares in the last quarter. Finally, MML Investors Services LLC grew its position in shares of Schwab US Dividend Equity ETF by 3.2% during the 2nd quarter. MML Investors Services LLC now owns 6,058,642 shares of the company’s stock valued at $160,554,000 after purchasing an additional 185,649 shares in the last quarter.

Schwab US Dividend Equity ETF Price Performance

SCHD opened at $31.72 on Friday. The company has a fifty day moving average price of $31.01 and a 200-day moving average price of $29.46. The firm has a market capitalization of $90.04 billion, a P/E ratio of 14.57 and a beta of 0.68. Schwab US Dividend Equity ETF has a one year low of $25.69 and a one year high of $32.13.

Schwab US Dividend Equity ETF Company 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.