Friday Financial Grows Position in Schwab US Dividend Equity ETF $SCHD

Friday Financial raised its position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 34.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 274,296 shares of the company’s stock after purchasing an additional 70,808 shares during the quarter. Schwab US Dividend Equity ETF accounts for approximately 3.1% of Friday Financial’s holdings, making the stock its 11th biggest holding. Friday Financial’s holdings in Schwab US Dividend Equity ETF were worth $7,488,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in SCHD. Kingstone Capital Partners Texas LLC bought a new position in shares of Schwab US Dividend Equity ETF during the second quarter valued at approximately $1,031,129,000. Avantax Advisory Services Inc. boosted its holdings in Schwab US Dividend Equity ETF by 2.9% during the 2nd quarter. Avantax Advisory Services Inc. now owns 28,436,927 shares of the company’s stock valued at $753,579,000 after acquiring an additional 796,001 shares during the period. Envestnet Asset Management Inc. grew its position in Schwab US Dividend Equity ETF by 6.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 19,215,884 shares of the company’s stock valued at $509,221,000 after acquiring an additional 1,083,206 shares during the last quarter. Ameriprise Financial Inc. grew its position in Schwab US Dividend Equity ETF by 0.7% in the 1st quarter. Ameriprise Financial Inc. now owns 17,539,875 shares of the company’s stock valued at $491,196,000 after acquiring an additional 113,330 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its stake in Schwab US Dividend Equity ETF by 3.5% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 12,067,607 shares of the company’s stock worth $330,049,000 after purchasing an additional 412,988 shares during the period.

Schwab US Dividend Equity ETF Trading Down 1.0%

Shares of SCHD opened at $27.47 on Wednesday. The firm has a fifty day moving average price of $27.10 and a 200-day moving average price of $27.13. The firm has a market capitalization of $71.03 billion, a P/E 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 $28.84.

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.