Schwab US Dividend Equity ETF (NYSEARCA:SCHD) Shares Purchased by Kingswood Wealth Advisors LLC

Kingswood Wealth Advisors LLC lifted its holdings in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 14.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,053 shares of the company’s stock after buying an additional 2,342 shares during the period. Kingswood Wealth Advisors LLC’s holdings in Schwab US Dividend Equity ETF were worth $1,482,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of SCHD. Sumitomo Life Insurance Co. grew its position in Schwab US Dividend Equity ETF by 110.7% during the first quarter. Sumitomo Life Insurance Co. now owns 6,320,000 shares of the company’s stock worth $471,352,000 after buying an additional 3,320,000 shares during the period. Charles Schwab Trust Bank acquired a new stake in shares of Schwab US Dividend Equity ETF in the 1st quarter worth approximately $146,782,000. Focus Financial Network Inc. ADV purchased a new position in Schwab US Dividend Equity ETF in the 4th quarter valued at approximately $95,831,000. International Assets Investment Management LLC acquired a new stake in Schwab US Dividend Equity ETF in the fourth quarter valued at $89,561,000. Finally, Diversified LLC increased its position in shares of Schwab US Dividend Equity ETF by 493.3% in the first quarter. Diversified LLC now owns 1,128,581 shares of the company’s stock valued at $90,997,000 after buying an additional 938,356 shares in the last quarter.

Schwab US Dividend Equity ETF Stock Down 0.6 %

Shares of Schwab US Dividend Equity ETF stock traded down $0.49 on Wednesday, hitting $78.89. The company’s stock had a trading volume of 3,264,001 shares, compared to its average volume of 3,298,251. The company has a market capitalization of $55.34 billion, a P/E ratio of 15.04 and a beta of 0.74. Schwab US Dividend Equity ETF has a 52-week low of $66.67 and a 52-week high of $83.19. The firm has a fifty day moving average price of $78.91 and a 200-day moving average price of $78.36.

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.