Advisory Services Network LLC Acquires 23,513 Shares of Schwab US Dividend Equity ETF $SCHD

Advisory Services Network LLC increased its stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 3.7% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 653,891 shares of the company’s stock after acquiring an additional 23,513 shares during the quarter. Advisory Services Network LLC’s holdings in Schwab US Dividend Equity ETF were worth $17,851,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Rakuten Investment Management Inc. purchased a new stake in Schwab US Dividend Equity ETF in the third quarter worth about $1,127,144,000. Sumitomo Life Insurance Co. purchased a new position in Schwab US Dividend Equity ETF during the 3rd quarter worth $847,665,000. Cibc World Market Inc. grew its stake in shares of Schwab US Dividend Equity ETF by 243.5% during the third quarter. Cibc World Market Inc. now owns 5,328,615 shares of the company’s stock worth $145,471,000 after acquiring an additional 3,777,339 shares during the last quarter. Osaic Holdings Inc. grew its position in Schwab US Dividend Equity ETF by 12.1% during the 2nd quarter. Osaic Holdings Inc. now owns 11,264,610 shares of the company’s stock worth $298,684,000 after purchasing an additional 1,217,005 shares during the last quarter. Finally, Lido Advisors LLC acquired a new position in shares of Schwab US Dividend Equity ETF in the 3rd quarter valued at $32,308,000.

Schwab US Dividend Equity ETF Stock Performance

Shares of SCHD stock opened at $30.95 on Wednesday. Schwab US Dividend Equity ETF has a fifty-two week low of $23.87 and a fifty-two week high of $31.95. The stock’s 50-day simple moving average is $30.43 and its 200-day simple moving average is $28.39. The firm has a market capitalization of $81.41 billion, a PE ratio of 14.57 and a beta of 0.77.

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.