Allworth Financial LP Increases Stake in Schwab US Dividend Equity ETF $SCHD

Allworth Financial LP boosted its holdings in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 4.1% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,271,849 shares of the company’s stock after buying an additional 90,043 shares during the quarter. Allworth Financial LP’s holdings in Schwab US Dividend Equity ETF were worth $62,021,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Stillwater Wealth Management Group purchased a new stake in Schwab US Dividend Equity ETF during the 3rd quarter worth about $287,000. KERR FINANCIAL PLANNING Corp purchased a new position in shares of Schwab US Dividend Equity ETF in the 3rd quarter valued at about $35,000. Opes Wealth Management LLC grew its position in shares of Schwab US Dividend Equity ETF by 2.4% during the third quarter. Opes Wealth Management LLC now owns 87,925 shares of the company’s stock worth $2,400,000 after buying an additional 2,101 shares in the last quarter. Burkett Financial Services LLC grew its position in shares of Schwab US Dividend Equity ETF by 1.8% during the third quarter. Burkett Financial Services LLC now owns 1,668,685 shares of the company’s stock worth $45,555,000 after buying an additional 29,315 shares in the last quarter. Finally, CIBC Bancorp USA Inc. purchased a new stake in shares of Schwab US Dividend Equity ETF during the third quarter worth approximately $6,819,000.

Schwab US Dividend Equity ETF Stock Down 1.2%

Shares of NYSEARCA:SCHD opened at $30.58 on Thursday. The firm’s 50 day moving average price is $30.49 and its 200 day moving average price is $28.41. The stock has a market cap of $80.43 billion, a price-to-earnings ratio of 14.57 and a beta of 0.77. Schwab US Dividend Equity ETF has a fifty-two week low of $23.87 and a fifty-two week high of $31.95.

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.