Schwab US Dividend Equity ETF (NYSEARCA:SCHD) is Beckerman Institutional LLC’s 9th Largest Position

Beckerman Institutional LLC raised its holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 4.8% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 104,885 shares of the company’s stock after buying an additional 4,817 shares during the period. Schwab US Dividend Equity ETF makes up approximately 2.1% of Beckerman Institutional LLC’s portfolio, making the stock its 9th largest position. Beckerman Institutional LLC’s holdings in Schwab US Dividend Equity ETF were worth $2,933,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the company. Bank of America Corp DE increased its stake in Schwab US Dividend Equity ETF by 569.6% in the fourth quarter. Bank of America Corp DE now owns 49,630,784 shares of the company’s stock valued at $1,355,913,000 after purchasing an additional 42,218,696 shares during the period. LPL Financial LLC increased its stake in shares of Schwab US Dividend Equity ETF by 214.9% during the fourth quarter. LPL Financial LLC now owns 36,314,776 shares of the company’s stock worth $992,120,000 after acquiring an additional 24,783,386 shares during the period. Envestnet Asset Management Inc. increased its stake in shares of Schwab US Dividend Equity ETF by 208.5% during the fourth quarter. Envestnet Asset Management Inc. now owns 19,626,674 shares of the company’s stock worth $536,201,000 after acquiring an additional 13,264,762 shares during the period. Ameriprise Financial Inc. boosted its holdings in Schwab US Dividend Equity ETF by 202.3% during the fourth quarter. Ameriprise Financial Inc. now owns 17,426,545 shares of the company’s stock worth $475,816,000 after buying an additional 11,661,011 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its holdings in Schwab US Dividend Equity ETF by 212.9% during the fourth quarter. Wells Fargo & Company MN now owns 12,294,235 shares of the company’s stock worth $335,879,000 after buying an additional 8,364,559 shares in the last quarter.

Schwab US Dividend Equity ETF Price Performance

Shares of NYSEARCA SCHD traded down $0.12 on Friday, hitting $27.02. The company’s stock had a trading volume of 13,157,769 shares, compared to its average volume of 14,255,330. Schwab US Dividend Equity ETF has a 12-month low of $23.87 and a 12-month high of $29.72. The company has a market capitalization of $70.51 billion, a price-to-earnings ratio of 14.57 and a beta of 0.88. The stock has a 50 day moving average of $26.65 and a 200-day moving average of $26.97.

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.