Avantax Advisory Services Inc. Acquires 796,001 Shares of Schwab US Dividend Equity ETF $SCHD

Avantax Advisory Services Inc. boosted its holdings in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 2.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 28,436,927 shares of the company’s stock after acquiring an additional 796,001 shares during the period. Schwab US Dividend Equity ETF comprises 4.1% of Avantax Advisory Services Inc.’s portfolio, making the stock its 4th largest holding. Avantax Advisory Services Inc. owned approximately 1.09% of Schwab US Dividend Equity ETF worth $753,579,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Kingstone Capital Partners Texas LLC purchased a new position in Schwab US Dividend Equity ETF during the second quarter worth $1,031,129,000. Wealthspire Advisors LLC increased its position in Schwab US Dividend Equity ETF by 95.2% during the 1st quarter. Wealthspire Advisors LLC now owns 29,554,836 shares of the company’s stock worth $826,353,000 after purchasing an additional 14,410,724 shares in the last quarter. RMG Wealth Management LLC acquired a new position in Schwab US Dividend Equity ETF in the 2nd quarter valued at about $132,621,000. LPL Financial LLC lifted its holdings in Schwab US Dividend Equity ETF by 6.8% in the 1st quarter. LPL Financial LLC now owns 38,785,482 shares of the company’s stock valued at $1,084,442,000 after purchasing an additional 2,470,706 shares in the last quarter. Finally, Cresset Asset Management LLC boosted its stake in shares of Schwab US Dividend Equity ETF by 37.5% during the 1st quarter. Cresset Asset Management LLC now owns 7,582,282 shares of the company’s stock worth $212,001,000 after purchasing an additional 2,069,007 shares during the last quarter.

Schwab US Dividend Equity ETF Price Performance

Shares of NYSEARCA SCHD opened at $27.24 on Friday. The company has a market cap of $70.44 billion, a PE ratio of 14.57 and a beta of 0.77. 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 50-day simple moving average of $27.08 and a 200-day simple moving average of $26.90.

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.