Schwab US Dividend Equity ETF $SCHD Position Raised by Advisory Alpha LLC

Advisory Alpha LLC lifted its stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 12.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 616,474 shares of the company’s stock after purchasing an additional 70,039 shares during the quarter. Advisory Alpha LLC’s holdings in Schwab US Dividend Equity ETF were worth $16,337,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of SCHD. MOKAN Wealth Management Inc. grew its holdings in Schwab US Dividend Equity ETF by 4.9% during the second quarter. MOKAN Wealth Management Inc. now owns 150,769 shares of the company’s stock worth $3,995,000 after acquiring an additional 6,985 shares during the period. Principal Financial Group Inc. acquired a new position in Schwab US Dividend Equity ETF during the first quarter worth about $384,000. Allspring Global Investments Holdings LLC grew its holdings in Schwab US Dividend Equity ETF by 343.3% during the first quarter. Allspring Global Investments Holdings LLC now owns 12,115 shares of the company’s stock worth $339,000 after acquiring an additional 9,382 shares during the period. Elevate Wealth Advisory Inc. grew its holdings in 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 acquiring an additional 3,915 shares during the period. Finally, Schaeffer Financial LLC grew its holdings in Schwab US Dividend Equity ETF by 3.7% during the first quarter. Schaeffer Financial LLC now owns 688,852 shares of the company’s stock worth $19,260,000 after acquiring an additional 24,751 shares during the period.

Schwab US Dividend Equity ETF Trading Up 0.3%

Shares of SCHD opened at $27.12 on Tuesday. The business’s 50-day moving average price is $27.34 and its 200 day moving average price is $26.78. The stock has a market capitalization of $70.25 billion, a P/E ratio of 14.57 and a beta of 0.77. Schwab US Dividend Equity ETF has a 1-year low of $23.87 and a 1-year high of $29.72.

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.