Schaeffer Financial LLC Raises Stake in Schwab US Dividend Equity ETF $SCHD

Schaeffer Financial LLC lifted its stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 2.0% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 702,940 shares of the company’s stock after buying an additional 14,088 shares during the quarter. Schwab US Dividend Equity ETF comprises about 18.2% of Schaeffer Financial LLC’s portfolio, making the stock its 2nd largest holding. Schaeffer Financial LLC’s holdings in Schwab US Dividend Equity ETF were worth $18,628,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Principal Financial Group Inc. acquired a new stake in Schwab US Dividend Equity ETF during the 1st quarter worth approximately $384,000. Allspring Global Investments Holdings LLC increased its position in Schwab US Dividend Equity ETF by 343.3% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 12,115 shares of the company’s stock worth $339,000 after buying an additional 9,382 shares during the period. Elevate Wealth Advisory Inc. lifted its holdings in shares of Schwab US Dividend Equity ETF by 7.4% during the first quarter. Elevate Wealth Advisory Inc. now owns 56,983 shares of the company’s stock worth $1,593,000 after buying an additional 3,915 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in shares of Schwab US Dividend Equity ETF by 1.6% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 11,654,619 shares of the company’s stock valued at $325,863,000 after acquiring an additional 182,749 shares during the period. Finally, Covington Investment Advisors Inc. increased its position in Schwab US Dividend Equity ETF by 8.8% during the first quarter. Covington Investment Advisors Inc. now owns 19,016 shares of the company’s stock worth $532,000 after acquiring an additional 1,538 shares during the period.

Schwab US Dividend Equity ETF Stock Up 0.8%

NYSEARCA SCHD opened at $27.53 on Thursday. The company has a market capitalization of $71.81 billion, a P/E ratio of 14.57 and a beta of 0.88. Schwab US Dividend Equity ETF has a 12-month low of $23.87 and a 12-month high of $29.72. The firm has a 50-day moving average price of $27.33 and a two-hundred day moving average price of $26.78.

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.