Schwab US Dividend Equity ETF $SCHD Stock Position Raised by Advisory Services Network LLC

Advisory Services Network LLC increased its stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 17.9% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 630,378 shares of the company’s stock after acquiring an additional 95,628 shares during the quarter. Advisory Services Network LLC’s holdings in Schwab US Dividend Equity ETF were worth $16,705,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Kingstone Capital Partners Texas LLC purchased a new stake in shares of Schwab US Dividend Equity ETF in the 2nd quarter valued at approximately $1,031,129,000. RMG Wealth Management LLC acquired a new stake in Schwab US Dividend Equity ETF during the 2nd quarter valued at $132,621,000. Cresset Asset Management LLC raised its stake in 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 valued at $212,001,000 after purchasing an additional 2,069,007 shares during the period. DDD Partners LLC lifted its holdings in shares of Schwab US Dividend Equity ETF by 3,673.0% in the second quarter. DDD Partners LLC now owns 1,196,005 shares of the company’s stock valued at $31,694,000 after purchasing an additional 1,164,306 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its position in shares of Schwab US Dividend Equity ETF by 6.0% in the second quarter. Envestnet Asset Management Inc. now owns 19,215,884 shares of the company’s stock worth $509,221,000 after buying an additional 1,083,206 shares during the period.

Schwab US Dividend Equity ETF Stock Performance

Shares of Schwab US Dividend Equity ETF stock opened at $27.68 on Friday. The company has a market cap of $71.58 billion, a P/E ratio of 14.57 and a beta of 0.77. The stock has a 50-day moving average price of $27.09 and a 200 day moving average price of $27.10. Schwab US Dividend Equity ETF has a 1 year low of $23.87 and a 1 year 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.