Belpointe Asset Management LLC Grows Position in Schwab US Dividend Equity ETF $SCHD

Belpointe Asset Management LLC raised its position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 18.8% during the 2nd quarter, Holdings Channel reports. The fund owned 290,490 shares of the company’s stock after purchasing an additional 45,922 shares during the period. Belpointe Asset Management LLC’s holdings in Schwab US Dividend Equity ETF were worth $7,698,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Principal Financial Group Inc. purchased a new position in Schwab US Dividend Equity ETF in the first quarter worth about $384,000. Allspring Global Investments Holdings LLC lifted its stake in shares of Schwab US Dividend Equity ETF by 343.3% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 12,115 shares of the company’s stock valued at $339,000 after purchasing an additional 9,382 shares during the last quarter. Elevate Wealth Advisory Inc. boosted its holdings in shares of Schwab US Dividend Equity ETF by 7.4% in the 1st quarter. Elevate Wealth Advisory Inc. now owns 56,983 shares of the company’s stock worth $1,593,000 after purchasing an additional 3,915 shares during the period. Wealth Enhancement Advisory Services LLC raised its holdings in Schwab US Dividend Equity ETF by 1.6% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 11,654,619 shares of the company’s stock valued at $325,863,000 after buying an additional 182,749 shares during the period. Finally, Schaeffer Financial LLC raised its stake in shares of Schwab US Dividend Equity ETF by 3.7% in the first quarter. Schaeffer Financial LLC now owns 688,852 shares of the company’s stock valued at $19,260,000 after acquiring an additional 24,751 shares during the period.

Schwab US Dividend Equity ETF Price Performance

Shares of NYSEARCA SCHD opened at $27.41 on Monday. Schwab US Dividend Equity ETF has a 1 year low of $23.87 and a 1 year high of $29.72. The firm has a 50-day simple moving average of $27.33 and a two-hundred day simple moving average of $26.75. The company has a market cap of $71.87 billion, a P/E ratio of 14.57 and a beta of 0.88.

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.