Schwab US Dividend Equity ETF $SCHD Shares Purchased by Clearstead Trust LLC

Clearstead Trust LLC grew its position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 25.1% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 113,842 shares of the company’s stock after purchasing an additional 22,811 shares during the period. Clearstead Trust LLC’s holdings in Schwab US Dividend Equity ETF were worth $3,108,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Biltmore Family Office LLC raised its holdings in shares of Schwab US Dividend Equity ETF by 116.4% in the 3rd quarter. Biltmore Family Office LLC now owns 974 shares of the company’s stock valued at $27,000 after buying an additional 524 shares during the period. Independence Bank of Kentucky purchased a new stake in Schwab US Dividend Equity ETF during the third quarter worth about $41,000. True Wealth Design LLC lifted its position in shares of Schwab US Dividend Equity ETF by 42.9% during the third quarter. True Wealth Design LLC now owns 1,500 shares of the company’s stock worth $41,000 after purchasing an additional 450 shares in the last quarter. Total Investment Management Inc. purchased a new position in shares of Schwab US Dividend Equity ETF in the second quarter valued at approximately $43,000. Finally, Morton Brown Family Wealth LLC boosted its stake in shares of Schwab US Dividend Equity ETF by 41.2% in the third quarter. Morton Brown Family Wealth LLC now owns 1,635 shares of the company’s stock valued at $45,000 after purchasing an additional 477 shares during the period.

Schwab US Dividend Equity ETF Stock Performance

Shares of SCHD stock opened at $31.61 on Monday. Schwab US Dividend Equity ETF has a fifty-two week low of $23.87 and a fifty-two week high of $31.88. The company has a 50 day moving average price of $29.20 and a 200 day moving average price of $27.93. The stock has a market capitalization of $83.14 billion, a P/E ratio of 14.57 and a beta of 0.77.

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.