HBW Advisory Services LLC Purchases 27,549 Shares of Schwab US Dividend Equity ETF $SCHD

HBW Advisory Services LLC grew its stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 9.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 327,062 shares of the company’s stock after buying an additional 27,549 shares during the quarter. Schwab US Dividend Equity ETF makes up 1.1% of HBW Advisory Services LLC’s portfolio, making the stock its 18th biggest holding. HBW Advisory Services LLC’s holdings in Schwab US Dividend Equity ETF were worth $8,667,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Safeguard Investment Advisory Group LLC increased its position in Schwab US Dividend Equity ETF by 2,627.7% in the fourth quarter. Safeguard Investment Advisory Group LLC now owns 83,930 shares of the company’s stock worth $2,293,000 after buying an additional 80,853 shares in the last quarter. Principal Financial Group Inc. purchased a new stake in Schwab US Dividend Equity ETF in the first quarter worth about $384,000. Allspring Global Investments Holdings LLC increased its position in Schwab US Dividend Equity ETF by 343.3% in the first quarter. Allspring Global Investments Holdings LLC now owns 12,115 shares of the company’s stock worth $339,000 after buying an additional 9,382 shares in the last quarter. Copley Financial Group Inc. increased its position in Schwab US Dividend Equity ETF by 308.2% in the fourth quarter. Copley Financial Group Inc. now owns 13,687 shares of the company’s stock worth $374,000 after buying an additional 10,334 shares in the last quarter. Finally, Elevate Wealth Advisory Inc. increased its position in Schwab US Dividend Equity ETF by 7.4% in the first quarter. Elevate Wealth Advisory Inc. now owns 56,983 shares of the company’s stock worth $1,593,000 after buying an additional 3,915 shares in the last quarter.

Schwab US Dividend Equity ETF Stock Down 0.9%

Shares of SCHD opened at $27.48 on Friday. The business has a 50-day simple moving average of $27.30 and a two-hundred day simple moving average of $26.84. The stock has a market cap of $71.68 billion, a price-to-earnings ratio of 14.57 and a beta of 0.88. 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.