Benjamin Edwards Inc. Increases Stake in Schwab US Dividend Equity ETF $SCHD

Benjamin Edwards Inc. raised its position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 7.5% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 398,292 shares of the company’s stock after purchasing an additional 27,850 shares during the quarter. Benjamin Edwards Inc.’s holdings in Schwab US Dividend Equity ETF were worth $10,874,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in SCHD. Kingstone Capital Partners Texas LLC bought a new position in Schwab US Dividend Equity ETF in the 2nd quarter valued at approximately $1,031,129,000. Avantax Advisory Services Inc. raised its stake in shares of Schwab US Dividend Equity ETF by 2.9% in the second quarter. Avantax Advisory Services Inc. now owns 28,436,927 shares of the company’s stock worth $753,579,000 after purchasing an additional 796,001 shares during the last quarter. Envestnet Asset Management Inc. raised its stake 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 purchasing an additional 1,083,206 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Schwab US Dividend Equity ETF by 3.5% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 12,067,607 shares of the company’s stock valued at $330,049,000 after purchasing an additional 412,988 shares in the last quarter. Finally, Osaic Holdings Inc. boosted its position in shares of Schwab US Dividend Equity ETF by 12.1% during the second quarter. Osaic Holdings Inc. now owns 11,264,610 shares of the company’s stock valued at $298,684,000 after buying an additional 1,217,005 shares during the last quarter.

Schwab US Dividend Equity ETF Stock Up 1.9%

Shares of NYSEARCA SCHD opened at $28.42 on Friday. The firm’s 50-day moving average price is $27.38 and its 200-day moving average price is $27.24. Schwab US Dividend Equity ETF has a 52-week low of $23.87 and a 52-week high of $28.84. The company has a market cap of $74.31 billion, a PE 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.