Cary Street Partners Financial LLC Raises Stock Position in Schwab US Dividend Equity ETF $SCHD

Cary Street Partners Financial LLC lifted its holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 10.0% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 439,724 shares of the company’s stock after buying an additional 39,879 shares during the period. Cary Street Partners Financial LLC’s holdings in Schwab US Dividend Equity ETF were worth $11,653,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Kingstone Capital Partners Texas LLC bought a new stake in Schwab US Dividend Equity ETF during the second quarter worth approximately $1,031,129,000. Avantax Advisory Services Inc. increased its position in shares of Schwab US Dividend Equity ETF by 2.9% during the 2nd quarter. Avantax Advisory Services Inc. now owns 28,436,927 shares of the company’s stock valued at $753,579,000 after purchasing an additional 796,001 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in Schwab US Dividend Equity ETF by 6.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 19,215,884 shares of the company’s stock valued at $509,221,000 after buying an additional 1,083,206 shares during the period. Ameriprise Financial Inc. raised its holdings in Schwab US Dividend Equity ETF by 0.7% during the 1st quarter. Ameriprise Financial Inc. now owns 17,539,875 shares of the company’s stock valued at $491,196,000 after buying an additional 113,330 shares during the period. Finally, Wealth Enhancement Advisory Services LLC lifted its position in Schwab US Dividend Equity ETF by 3.5% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 12,067,607 shares of the company’s stock worth $330,049,000 after buying an additional 412,988 shares during the last quarter.

Schwab US Dividend Equity ETF Stock Down 0.1%

NYSEARCA SCHD opened at $27.71 on Friday. Schwab US Dividend Equity ETF has a 52 week low of $23.87 and a 52 week high of $29.04. The firm has a market capitalization of $71.65 billion, a price-to-earnings ratio of 14.57 and a beta of 0.77. The company has a fifty day moving average of $27.06 and a two-hundred day moving average of $27.04.

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.