Channel Wealth LLC Boosts Stock Position in Schwab US Dividend Equity ETF $SCHD

Channel Wealth LLC lifted its position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 64.1% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 394,853 shares of the company’s stock after buying an additional 154,248 shares during the period. Schwab US Dividend Equity ETF makes up 3.0% of Channel Wealth LLC’s holdings, making the stock its 8th largest position. Channel Wealth LLC’s holdings in Schwab US Dividend Equity ETF were worth $10,464,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of SCHD. Wealthspire Advisors LLC raised its stake in shares of Schwab US Dividend Equity ETF by 95.2% in the 1st quarter. Wealthspire Advisors LLC now owns 29,554,836 shares of the company’s stock worth $826,353,000 after buying an additional 14,410,724 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in shares of Schwab US Dividend Equity ETF by 216.1% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 11,471,870 shares of the company’s stock worth $313,411,000 after buying an additional 7,842,532 shares in the last quarter. LPL Financial LLC raised its stake in shares of Schwab US Dividend Equity ETF by 6.8% in the 1st quarter. LPL Financial LLC now owns 38,785,482 shares of the company’s stock worth $1,084,442,000 after buying an additional 2,470,706 shares in the last quarter. Charles Schwab Trust Bank grew its holdings in shares of Schwab US Dividend Equity ETF by 143.2% in the 4th quarter. Charles Schwab Trust Bank now owns 3,955,650 shares of the company’s stock worth $108,068,000 after acquiring an additional 2,329,341 shares during the last quarter. Finally, Cresset Asset Management LLC raised its position in shares of Schwab US Dividend Equity ETF by 37.5% during the first quarter. Cresset Asset Management LLC now owns 7,582,282 shares of the company’s stock worth $212,001,000 after purchasing an additional 2,069,007 shares during the period.

Schwab US Dividend Equity ETF Stock Up 0.3%

Shares of NYSEARCA SCHD opened at $27.42 on Wednesday. Schwab US Dividend Equity ETF has a 12 month low of $23.87 and a 12 month high of $29.72. The company has a market cap of $71.52 billion, a price-to-earnings ratio of 14.57 and a beta of 0.88. The business has a fifty day simple moving average of $27.30 and a 200-day simple moving average of $26.82.

Schwab US Dividend Equity ETF 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.