Midland Wealth Advisors LLC Raises Stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Midland Wealth Advisors LLC grew its stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 26.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,639 shares of the company’s stock after acquiring an additional 1,608 shares during the quarter. Midland Wealth Advisors LLC’s holdings in Schwab US Dividend Equity ETF were worth $594,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Central Pacific Bank Trust Division purchased a new position in Schwab US Dividend Equity ETF in the 1st quarter worth approximately $25,000. CarsonAllaria Wealth Management Ltd. bought a new stake in Schwab US Dividend Equity ETF in the first quarter worth $26,000. Iron Horse Wealth Management LLC purchased a new stake in Schwab US Dividend Equity ETF during the second quarter valued at $26,000. PFG Private Wealth Management LLC bought a new position in Schwab US Dividend Equity ETF during the second quarter valued at $27,000. Finally, Olistico Wealth LLC purchased a new position in shares of Schwab US Dividend Equity ETF in the 2nd quarter worth $28,000.

Schwab US Dividend Equity ETF Stock Down 0.6 %

NYSEARCA:SCHD traded down $0.48 during mid-day trading on Tuesday, hitting $84.05. 1,405,271 shares of the stock traded hands, compared to its average volume of 3,201,896. The firm’s 50 day moving average is $80.47 and its two-hundred day moving average is $79.02. Schwab US Dividend Equity ETF has a 52 week low of $66.67 and a 52 week high of $84.57. The stock has a market capitalization of $58.96 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.