USAdvisors Wealth Management LLC Has $6.38 Million Stock Position in Schwab US Dividend Equity ETF $SCHD

USAdvisors Wealth Management LLC decreased its stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 2.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 240,725 shares of the company’s stock after selling 5,818 shares during the quarter. Schwab US Dividend Equity ETF makes up 2.4% of USAdvisors Wealth Management LLC’s portfolio, making the stock its 9th largest position. USAdvisors Wealth Management LLC’s holdings in Schwab US Dividend Equity ETF were worth $6,381,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Kingstone Capital Partners Texas LLC bought a new stake in Schwab US Dividend Equity ETF during the 2nd quarter valued at about $1,031,129,000. LPL Financial LLC raised its holdings in shares of Schwab US Dividend Equity ETF by 6.8% in the 1st quarter. LPL Financial LLC now owns 38,785,482 shares of the company’s stock valued at $1,084,442,000 after purchasing an additional 2,470,706 shares in the last quarter. Wealthspire Advisors LLC raised its holdings in shares of Schwab US Dividend Equity ETF by 95.2% in the 1st quarter. Wealthspire Advisors LLC now owns 29,554,836 shares of the company’s stock valued at $826,353,000 after purchasing an additional 14,410,724 shares in the last quarter. Avantax Advisory Services Inc. raised its holdings in shares of Schwab US Dividend Equity ETF by 6.3% in the 1st quarter. Avantax Advisory Services Inc. now owns 27,640,926 shares of the company’s stock valued at $772,840,000 after purchasing an additional 1,637,300 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in shares of Schwab US Dividend Equity ETF by 0.7% in the 1st quarter. Ameriprise Financial Inc. now owns 17,539,875 shares of the company’s stock valued at $491,196,000 after purchasing an additional 113,330 shares in the last quarter.

Schwab US Dividend Equity ETF Stock Performance

NYSEARCA:SCHD opened at $27.41 on Friday. Schwab US Dividend Equity ETF has a one year low of $23.87 and a one year high of $29.72. The firm has a market cap of $71.87 billion, a P/E ratio of 14.57 and a beta of 0.88. The firm has a 50-day simple moving average of $27.33 and a 200-day simple moving average of $26.76.

About Schwab US Dividend Equity ETF

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.