Forum Private Client Group LLC Takes $325,000 Position in Schwab US Dividend Equity ETF $SCHD

Forum Private Client Group LLC acquired a new position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 12,261 shares of the company’s stock, valued at approximately $325,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Kingstone Capital Partners Texas LLC acquired a new position in shares of Schwab US Dividend Equity ETF during the second quarter worth $1,031,129,000. LPL Financial LLC grew its stake in Schwab US Dividend Equity ETF by 6.8% during 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 during the last quarter. Wealthspire Advisors LLC increased its position in Schwab US Dividend Equity ETF by 95.2% during the 1st quarter. Wealthspire Advisors LLC now owns 29,554,836 shares of the company’s stock valued at $826,353,000 after buying an additional 14,410,724 shares in the last quarter. Avantax Advisory Services Inc. boosted its holdings in Schwab US Dividend Equity ETF by 2.9% in the second quarter. Avantax Advisory Services Inc. now owns 28,436,927 shares of the company’s stock worth $753,579,000 after acquiring an additional 796,001 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its stake in shares of Schwab US Dividend Equity ETF by 6.0% during the second quarter. Envestnet Asset Management Inc. now owns 19,215,884 shares of the company’s stock worth $509,221,000 after acquiring an additional 1,083,206 shares during the last quarter.

Schwab US Dividend Equity ETF Stock Up 1.8%

SCHD opened at $27.10 on Friday. The company has a market cap of $70.08 billion, a P/E ratio of 14.57 and a beta of 0.77. The firm’s 50-day moving average price is $27.02 and its 200-day moving average price is $26.95. Schwab US Dividend Equity ETF has a 52-week low of $23.87 and a 52-week high of $29.72.

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.