Burkett Financial Services LLC Has $45.56 Million Stake in Schwab US Dividend Equity ETF $SCHD

Burkett Financial Services LLC raised its holdings in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 1.8% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 1,668,685 shares of the company’s stock after acquiring an additional 29,315 shares during the period. Schwab US Dividend Equity ETF comprises about 15.7% of Burkett Financial Services LLC’s portfolio, making the stock its 2nd largest holding. Burkett Financial Services LLC’s holdings in Schwab US Dividend Equity ETF were worth $45,555,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Biltmore Family Office LLC increased its holdings in shares of Schwab US Dividend Equity ETF by 116.4% in the third quarter. Biltmore Family Office LLC now owns 974 shares of the company’s stock worth $27,000 after buying an additional 524 shares during the period. Triumph Capital Management purchased a new stake in Schwab US Dividend Equity ETF during the 3rd quarter valued at about $33,000. Reyes Financial Architecture Inc. grew its position in Schwab US Dividend Equity ETF by 1,903.1% during the 3rd quarter. Reyes Financial Architecture Inc. now owns 1,302 shares of the company’s stock worth $36,000 after acquiring an additional 1,237 shares during the last quarter. Turning Point Benefit Group Inc. bought a new position in Schwab US Dividend Equity ETF during the 3rd quarter worth approximately $36,000. Finally, Independence Bank of Kentucky purchased a new position in Schwab US Dividend Equity ETF in the 3rd quarter worth approximately $41,000.

Schwab US Dividend Equity ETF Stock Performance

Shares of SCHD stock opened at $30.95 on Wednesday. The company has a market capitalization of $81.41 billion, a P/E ratio of 14.57 and a beta of 0.77. Schwab US Dividend Equity ETF has a fifty-two week low of $23.87 and a fifty-two week high of $31.95. The stock has a 50 day moving average price of $30.43 and a two-hundred day moving average price of $28.39.

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.