Balentine LLC Boosts Stock Holdings in Schwab US Dividend Equity ETF $SCHD

Balentine LLC boosted its position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 2,265.2% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 81,459 shares of the company’s stock after buying an additional 78,015 shares during the period. Balentine LLC’s holdings in Schwab US Dividend Equity ETF were worth $2,159,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of SCHD. Kingstone Capital Partners Texas LLC purchased a new stake in Schwab US Dividend Equity ETF during the 2nd quarter worth approximately $1,031,129,000. Wealthspire Advisors LLC increased its stake in Schwab US Dividend Equity ETF by 95.2% during the 1st quarter. Wealthspire Advisors LLC now owns 29,554,836 shares of the company’s stock worth $826,353,000 after buying an additional 14,410,724 shares in the last quarter. RMG Wealth Management LLC purchased a new stake in Schwab US Dividend Equity ETF during the 2nd quarter worth approximately $132,621,000. LPL Financial LLC increased its stake in Schwab US Dividend Equity ETF by 6.8% during the 1st quarter. LPL Financial LLC now owns 38,785,482 shares of the company’s stock worth $1,084,442,000 after buying an additional 2,470,706 shares in the last quarter. Finally, Cresset Asset Management LLC increased its stake in Schwab US Dividend Equity ETF by 37.5% during the 1st quarter. Cresset Asset Management LLC now owns 7,582,282 shares of the company’s stock worth $212,001,000 after buying an additional 2,069,007 shares in the last quarter.

Schwab US Dividend Equity ETF Trading Up 0.3%

NYSEARCA:SCHD opened at $26.75 on Friday. Schwab US Dividend Equity ETF has a 12 month low of $23.87 and a 12 month high of $29.72. The stock has a 50 day moving average of $27.27 and a two-hundred day moving average of $26.81. The firm has a market cap of $69.21 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.