Cornerstone Advisors Asset Management LLC Takes Position in Schwab US Dividend Equity ETF $SCHD

Cornerstone Advisors Asset Management LLC purchased a new position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 16,123 shares of the company’s stock, valued at approximately $511,000.

Several other institutional investors have also added to or reduced their stakes in SCHD. Rockefeller Capital Management L.P. lifted its holdings in Schwab US Dividend Equity ETF by 18.8% in the 4th quarter. Rockefeller Capital Management L.P. now owns 523,834 shares of the company’s stock worth $14,369,000 after buying an additional 82,981 shares during the period. BNP Paribas Financial Markets grew its holdings in Schwab US Dividend Equity ETF by 351,462.5% during the fourth quarter. BNP Paribas Financial Markets now owns 337,500 shares of the company’s stock valued at $9,258,000 after purchasing an additional 337,404 shares during the period. Intrua Financial LLC grew its position in shares of Schwab US Dividend Equity ETF by 34.3% during the fourth quarter. Intrua Financial LLC now owns 248,518 shares of the company’s stock worth $6,817,000 after purchasing an additional 63,516 shares in the last quarter. KLCM Advisors Inc. bought a new position in Schwab US Dividend Equity ETF during the fourth quarter valued at approximately $1,488,000. Finally, MML Investors Services LLC lifted its holdings in shares of Schwab US Dividend Equity ETF by 5.8% in the 4th quarter. MML Investors Services LLC now owns 6,298,234 shares of the company’s stock valued at $172,761,000 after acquiring an additional 345,987 shares during the last quarter.

Schwab US Dividend Equity ETF Trading Down 0.8%

NYSEARCA SCHD opened at $34.80 on Friday. The stock has a market cap of $108.12 billion, a PE ratio of 14.57 and a beta of 0.68. The company’s 50-day moving average price is $33.63 and its 200-day moving average price is $32.25. Schwab US Dividend Equity ETF has a 12 month low of $26.32 and a 12 month high of $35.31.

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.