D.B. Root & Company LLC Has $5.64 Million Stake in Schwab US Dividend Equity ETF $SCHD

D.B. Root & Company LLC lifted its holdings in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 8.5% in the second quarter, Holdings Channel.com reports. The fund owned 212,686 shares of the company’s stock after purchasing an additional 16,676 shares during the period. Schwab US Dividend Equity ETF comprises approximately 1.7% of D.B. Root & Company LLC’s portfolio, making the stock its 10th largest holding. D.B. Root & Company LLC’s holdings in Schwab US Dividend Equity ETF were worth $5,636,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in SCHD. Opal Wealth Advisors LLC purchased a new stake in shares of Schwab US Dividend Equity ETF in the first quarter worth $27,000. Kozak & Associates Inc. boosted its position in shares of Schwab US Dividend Equity ETF by 476.1% during the second quarter. Kozak & Associates Inc. now owns 1,135 shares of the company’s stock valued at $31,000 after buying an additional 938 shares during the last quarter. Financial Management Professionals Inc. lifted its holdings in Schwab US Dividend Equity ETF by 241.9% in the second quarter. Financial Management Professionals Inc. now owns 1,282 shares of the company’s stock valued at $34,000 after acquiring an additional 907 shares during the period. Cooksen Wealth LLC bought a new position in Schwab US Dividend Equity ETF in the first quarter valued at about $38,000. Finally, Optimum Investment Advisors lifted its holdings in Schwab US Dividend Equity ETF by 57.6% in the first quarter. Optimum Investment Advisors now owns 1,381 shares of the company’s stock valued at $39,000 after acquiring an additional 505 shares during the period.

Schwab US Dividend Equity ETF Stock Up 0.3%

NYSEARCA SCHD opened at $27.41 on Monday. The stock’s 50-day moving average price is $27.33 and its 200-day moving average price is $26.75. Schwab US Dividend Equity ETF has a 52 week low of $23.87 and a 52 week high of $29.72. The company has a market capitalization of $71.87 billion, a P/E ratio of 14.57 and a beta of 0.88.

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.