Kovack Advisors Inc. Purchases 7,574 Shares of Schwab US Dividend Equity ETF $SCHD

Kovack Advisors Inc. lifted its position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 12.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 69,614 shares of the company’s stock after acquiring an additional 7,574 shares during the period. Kovack Advisors Inc.’s holdings in Schwab US Dividend Equity ETF were worth $1,845,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Kozak & Associates Inc. raised its stake in Schwab US Dividend Equity ETF by 476.1% during the 2nd quarter. Kozak & Associates Inc. now owns 1,135 shares of the company’s stock valued at $31,000 after buying an additional 938 shares during the last quarter. Financial Management Professionals Inc. raised its stake in Schwab US Dividend Equity ETF by 241.9% during the 2nd quarter. Financial Management Professionals Inc. now owns 1,282 shares of the company’s stock valued at $34,000 after buying an additional 907 shares during the last quarter. PrairieView Partners LLC raised its stake in Schwab US Dividend Equity ETF by 57.3% during the 2nd quarter. PrairieView Partners LLC now owns 1,282 shares of the company’s stock valued at $33,000 after buying an additional 467 shares during the last quarter. Cooksen Wealth LLC purchased a new stake in Schwab US Dividend Equity ETF during the 1st quarter valued at $38,000. Finally, Optimum Investment Advisors raised its stake in Schwab US Dividend Equity ETF by 57.6% during the 1st quarter. Optimum Investment Advisors now owns 1,381 shares of the company’s stock valued at $39,000 after buying an additional 505 shares during the last quarter.

Schwab US Dividend Equity ETF Trading Down 0.2%

Shares of SCHD opened at $26.68 on Friday. The firm has a market cap of $69.03 billion, a PE ratio of 14.57 and a beta of 0.77. The firm has a fifty day simple moving average of $27.29 and a two-hundred day simple moving average of $26.80. Schwab US Dividend Equity ETF has a 1-year low of $23.87 and a 1-year 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.