Alpha Cubed Investments LLC Raises Stake in Schwab US Dividend Equity ETF $SCHD

Alpha Cubed Investments LLC raised its stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 4.0% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 184,522 shares of the company’s stock after buying an additional 7,123 shares during the quarter. Alpha Cubed Investments LLC’s holdings in Schwab US Dividend Equity ETF were worth $4,890,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. MOKAN Wealth Management Inc. grew its stake in Schwab US Dividend Equity ETF by 4.9% in the 2nd quarter. MOKAN Wealth Management Inc. now owns 150,769 shares of the company’s stock worth $3,995,000 after buying an additional 6,985 shares in the last quarter. Principal Financial Group Inc. bought a new stake in shares of Schwab US Dividend Equity ETF during the 1st quarter worth $384,000. Elevate Wealth Advisory Inc. grew its position in Schwab US Dividend Equity ETF by 7.4% in the first quarter. Elevate Wealth Advisory Inc. now owns 56,983 shares of the company’s stock worth $1,593,000 after acquiring an additional 3,915 shares in the last quarter. Schaeffer Financial LLC increased its stake in Schwab US Dividend Equity ETF by 3.7% in the first quarter. Schaeffer Financial LLC now owns 688,852 shares of the company’s stock valued at $19,260,000 after acquiring an additional 24,751 shares during the last quarter. Finally, Muirfield Wealth Advisors LLC raised its position in Schwab US Dividend Equity ETF by 19.4% during the second quarter. Muirfield Wealth Advisors LLC now owns 98,573 shares of the company’s stock valued at $2,612,000 after purchasing an additional 15,988 shares in the last quarter.

Schwab US Dividend Equity ETF Stock Up 0.8%

Shares of SCHD stock opened at $26.72 on Monday. The business has a 50-day moving average price of $27.14 and a two-hundred day moving average price of $26.87. Schwab US Dividend Equity ETF has a 12-month low of $23.87 and a 12-month high of $29.72. The firm has a market cap of $69.09 billion, a P/E 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.