Schwab US Dividend Equity ETF $SCHD Shares Purchased by DAVENPORT & Co LLC

DAVENPORT & Co LLC increased its holdings in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 5.8% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 589,048 shares of the company’s stock after purchasing an additional 32,490 shares during the quarter. DAVENPORT & Co LLC’s holdings in Schwab US Dividend Equity ETF were worth $16,081,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Kozak & Associates Inc. lifted its holdings in shares of 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 worth $31,000 after acquiring an additional 938 shares during the period. PrairieView Partners LLC increased its position in Schwab US Dividend Equity ETF by 57.3% during the second quarter. PrairieView Partners LLC now owns 1,282 shares of the company’s stock worth $33,000 after purchasing an additional 467 shares during the last quarter. Financial Management Professionals Inc. increased its position in Schwab US Dividend Equity ETF by 241.9% during the second quarter. Financial Management Professionals Inc. now owns 1,282 shares of the company’s stock worth $34,000 after purchasing an additional 907 shares during the last quarter. Vaughan Nelson Investment Management L.P. purchased a new position in Schwab US Dividend Equity ETF during the second quarter worth approximately $39,000. Finally, Independence Bank of Kentucky acquired a new position in shares of Schwab US Dividend Equity ETF in the 3rd quarter valued at $41,000.

Schwab US Dividend Equity ETF Stock Up 0.4%

Shares of NYSEARCA SCHD opened at $27.66 on Thursday. The stock has a market capitalization of $71.52 billion, a PE ratio of 14.57 and a beta of 0.77. The firm has a fifty day moving average of $27.19 and a 200-day moving average of $27.17. Schwab US Dividend Equity ETF has a 52-week low of $23.87 and a 52-week high of $28.84.

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.