Fonville Wealth Management LLC Makes New $309,000 Investment in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Fonville Wealth Management LLC bought a new position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 3,965 shares of the company’s stock, valued at approximately $309,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SCHD. Charles Schwab Investment Advisory Inc. grew its stake in shares of Schwab US Dividend Equity ETF by 0.4% in the first quarter. Charles Schwab Investment Advisory Inc. now owns 9,721,361 shares of the company’s stock worth $783,833,000 after purchasing an additional 40,493 shares during the last quarter. Sumitomo Life Insurance Co. lifted its holdings in Schwab US Dividend Equity ETF by 41.5% in the second quarter. Sumitomo Life Insurance Co. now owns 8,940,000 shares of the company’s stock valued at $677,625,000 after buying an additional 2,620,000 shares during the period. Avantax Advisory Services Inc. lifted its holdings in Schwab US Dividend Equity ETF by 4.0% in the first quarter. Avantax Advisory Services Inc. now owns 7,775,195 shares of the company’s stock valued at $626,914,000 after buying an additional 299,496 shares during the period. Raymond James Financial Services Advisors Inc. lifted its holdings in Schwab US Dividend Equity ETF by 2.4% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 5,851,505 shares of the company’s stock valued at $455,013,000 after buying an additional 139,020 shares during the period. Finally, Commonwealth Equity Services LLC lifted its holdings in Schwab US Dividend Equity ETF by 7.1% in the first quarter. Commonwealth Equity Services LLC now owns 4,444,733 shares of the company’s stock valued at $358,379,000 after buying an additional 292,782 shares during the period.

Schwab US Dividend Equity ETF Trading Up 0.8 %

SCHD stock traded up $0.67 during midday trading on Friday, hitting $84.53. The stock had a trading volume of 2,472,968 shares, compared to its average volume of 3,212,576. The firm has a market cap of $59.30 billion, a P/E ratio of 15.04 and a beta of 0.74. Schwab US Dividend Equity ETF has a 1-year low of $66.67 and a 1-year high of $84.57. The business has a fifty day moving average price of $80.47 and a two-hundred day moving average price of $78.98.

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.