Wealth Management Resources Inc. Has $25.02 Million Stock Position in Schwab US Dividend Equity ETF $SCHD

Wealth Management Resources Inc. boosted its holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 8.2% in the 2nd quarter, HoldingsChannel reports. The firm owned 944,248 shares of the company’s stock after purchasing an additional 71,842 shares during the quarter. Schwab US Dividend Equity ETF makes up approximately 8.5% of Wealth Management Resources Inc.’s portfolio, making the stock its 5th largest holding. Wealth Management Resources Inc.’s holdings in Schwab US Dividend Equity ETF were worth $25,023,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of SCHD. Kingstone Capital Partners Texas LLC bought a new position in shares of Schwab US Dividend Equity ETF during the 2nd quarter valued at approximately $1,031,129,000. Wealthspire Advisors LLC boosted its position in shares of Schwab US Dividend Equity ETF by 95.2% during the 1st quarter. Wealthspire Advisors LLC now owns 29,554,836 shares of the company’s stock valued at $826,353,000 after acquiring an additional 14,410,724 shares during the last quarter. RMG Wealth Management LLC bought a new position in shares of Schwab US Dividend Equity ETF during the 2nd quarter valued at approximately $132,621,000. LPL Financial LLC boosted its position in shares of Schwab US Dividend Equity ETF by 6.8% during the 1st quarter. LPL Financial LLC now owns 38,785,482 shares of the company’s stock valued at $1,084,442,000 after acquiring an additional 2,470,706 shares during the last quarter. Finally, Cresset Asset Management LLC boosted its position in shares of Schwab US Dividend Equity ETF by 37.5% during the 1st quarter. Cresset Asset Management LLC now owns 7,582,282 shares of the company’s stock valued at $212,001,000 after acquiring an additional 2,069,007 shares during the last quarter.

Schwab US Dividend Equity ETF Stock Performance

NYSEARCA SCHD opened at $26.54 on Friday. The company has a market capitalization of $69.35 billion, a P/E ratio of 14.57 and a beta of 0.88. Schwab US Dividend Equity ETF has a one year low of $23.87 and a one year high of $29.72. The stock has a 50 day moving average price of $27.36 and a 200-day moving average price of $26.74.

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.