Weitzel Financial Services Inc. Buys 3,840 Shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Weitzel Financial Services Inc. lifted its stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 2.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 184,835 shares of the company’s stock after buying an additional 3,840 shares during the period. Schwab US Dividend Equity ETF comprises approximately 7.1% of Weitzel Financial Services Inc.’s holdings, making the stock its 3rd largest holding. Weitzel Financial Services Inc.’s holdings in Schwab US Dividend Equity ETF were worth $14,308,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Charles Schwab Investment Advisory Inc. lifted its holdings in shares of Schwab US Dividend Equity ETF by 0.4% during the first quarter. Charles Schwab Investment Advisory Inc. now owns 9,721,361 shares of the company’s stock valued at $783,833,000 after acquiring an additional 40,493 shares during the period. Sumitomo Life Insurance Co. lifted its holdings in Schwab US Dividend Equity ETF by 41.5% during the 2nd quarter. Sumitomo Life Insurance Co. now owns 8,940,000 shares of the company’s stock valued at $677,625,000 after purchasing an additional 2,620,000 shares during the last quarter. Avantax Advisory Services Inc. boosted its position in Schwab US Dividend Equity ETF by 4.0% in the first quarter. Avantax Advisory Services Inc. now owns 7,775,195 shares of the company’s stock valued at $626,914,000 after buying an additional 299,496 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its stake in Schwab US Dividend Equity ETF by 2.4% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 5,851,505 shares of the company’s stock worth $455,013,000 after buying an additional 139,020 shares during the last quarter. Finally, Commonwealth Equity Services LLC increased its holdings in shares of Schwab US Dividend Equity ETF by 7.1% during the first quarter. Commonwealth Equity Services LLC now owns 4,444,733 shares of the company’s stock worth $358,379,000 after buying an additional 292,782 shares in the last quarter.

Schwab US Dividend Equity ETF Trading Down 0.9 %

NYSEARCA:SCHD opened at $82.00 on Friday. The stock has a market capitalization of $57.52 billion, a P/E ratio of 15.04 and a beta of 0.74. Schwab US Dividend Equity ETF has a 1 year low of $66.67 and a 1 year high of $84.57. The firm has a 50 day moving average of $81.00 and a 200-day moving average of $79.22.

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.