Islay Capital Management LLC Purchases 18,837 Shares of Schwab US Dividend Equity ETF $SCHD

Islay Capital Management LLC raised its position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 5.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 376,129 shares of the company’s stock after buying an additional 18,837 shares during the period. Schwab US Dividend Equity ETF makes up about 6.4% of Islay Capital Management LLC’s holdings, making the stock its biggest holding. Islay Capital Management LLC’s holdings in Schwab US Dividend Equity ETF were worth $9,967,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Kingstone Capital Partners Texas LLC purchased a new position in Schwab US Dividend Equity ETF in the second quarter valued at about $1,031,129,000. Wealthspire Advisors LLC increased its holdings 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 worth $826,353,000 after purchasing an additional 14,410,724 shares during the last quarter. RMG Wealth Management LLC acquired a new position in shares of Schwab US Dividend Equity ETF in the 2nd quarter valued at approximately $132,621,000. LPL Financial LLC boosted its stake in shares of 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 valued at $1,084,442,000 after buying an additional 2,470,706 shares during the last quarter. Finally, Cresset Asset Management LLC boosted its stake in shares of Schwab US Dividend Equity ETF by 37.5% during the 1st quarter. Cresset Asset Management LLC now owns 7,582,282 shares of the company’s stock valued at $212,001,000 after buying an additional 2,069,007 shares during the last quarter.

Schwab US Dividend Equity ETF Trading Up 0.1%

Shares of NYSEARCA:SCHD opened at $27.22 on Friday. The company has a fifty day simple moving average of $27.09 and a 200 day simple moving average of $26.89. The firm has a market cap of $70.39 billion, a PE ratio of 14.57 and a beta of 0.77. Schwab US Dividend Equity ETF has a 12-month low of $23.87 and a 12-month high of $29.72.

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.