Schwab US Dividend Equity ETF (NYSEARCA:SCHD) Shares Acquired by D.A. Davidson & CO.

D.A. Davidson & CO. lifted its position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 2.2% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,075,393 shares of the company’s stock after acquiring an additional 22,841 shares during the quarter. Schwab US Dividend Equity ETF makes up about 0.7% of D.A. Davidson & CO.’s holdings, making the stock its 24th biggest holding. D.A. Davidson & CO. owned 0.15% of Schwab US Dividend Equity ETF worth $83,623,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. JPL Wealth Management LLC increased its stake in Schwab US Dividend Equity ETF by 29.3% in the 2nd quarter. JPL Wealth Management LLC now owns 21,274 shares of the company’s stock valued at $1,654,000 after buying an additional 4,816 shares during the period. Valmark Advisers Inc. increased its stake in shares of Schwab US Dividend Equity ETF by 2.1% during the 2nd quarter. Valmark Advisers Inc. now owns 838,830 shares of the company’s stock worth $65,227,000 after purchasing an additional 17,010 shares during the last quarter. Summit Financial LLC bought a new stake in shares of Schwab US Dividend Equity ETF during the 2nd quarter worth $606,000. Essex Financial Services Inc. boosted its holdings in shares of Schwab US Dividend Equity ETF by 3.9% during the 2nd quarter. Essex Financial Services Inc. now owns 22,935 shares of the company’s stock worth $1,802,000 after buying an additional 869 shares during the period. Finally, CWS Financial Advisors LLC boosted its holdings in shares of Schwab US Dividend Equity ETF by 9.2% during the 2nd quarter. CWS Financial Advisors LLC now owns 21,994 shares of the company’s stock worth $1,710,000 after buying an additional 1,857 shares during the period.

Schwab US Dividend Equity ETF Stock Up 0.8 %

Schwab US Dividend Equity ETF stock traded up $0.67 during mid-day trading on Friday, reaching $84.53. The company had a trading volume of 2,472,968 shares, compared to its average volume of 3,212,576. Schwab US Dividend Equity ETF has a 52 week low of $66.67 and a 52 week high of $84.57. The company has a 50 day moving average of $80.47 and a 200-day moving average of $79.00. The firm has a market cap of $59.30 billion, a price-to-earnings ratio of 15.04 and a beta of 0.74.

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.