Beckerman Institutional LLC Has $3.03 Million Stock Position in Schwab US Dividend Equity ETF $SCHD

Beckerman Institutional LLC raised its stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 9.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 114,440 shares of the company’s stock after buying an additional 9,555 shares during the period. Schwab US Dividend Equity ETF accounts for 2.0% of Beckerman Institutional LLC’s holdings, making the stock its 12th largest holding. Beckerman Institutional LLC’s holdings in Schwab US Dividend Equity ETF were worth $3,033,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Kingstone Capital Partners Texas LLC acquired a new stake in Schwab US Dividend Equity ETF in the second quarter valued at approximately $1,031,129,000. LPL Financial LLC grew its holdings in shares of Schwab US Dividend Equity ETF by 6.8% during the first quarter. LPL Financial LLC now owns 38,785,482 shares of the company’s stock worth $1,084,442,000 after purchasing an additional 2,470,706 shares during the last quarter. Wealthspire Advisors LLC grew its holdings in shares of Schwab US Dividend Equity ETF by 95.2% during the first quarter. Wealthspire Advisors LLC now owns 29,554,836 shares of the company’s stock worth $826,353,000 after purchasing an additional 14,410,724 shares during the last quarter. Avantax Advisory Services Inc. grew its holdings in shares of Schwab US Dividend Equity ETF by 6.3% during the first quarter. Avantax Advisory Services Inc. now owns 27,640,926 shares of the company’s stock worth $772,840,000 after purchasing an additional 1,637,300 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its holdings in shares of Schwab US Dividend Equity ETF by 6.0% during the second quarter. Envestnet Asset Management Inc. now owns 19,215,884 shares of the company’s stock worth $509,221,000 after purchasing an additional 1,083,206 shares during the last quarter.

Schwab US Dividend Equity ETF Trading Down 0.1%

NYSEARCA:SCHD opened at $26.44 on Wednesday. The stock has a market cap of $68.44 billion, a P/E ratio of 14.57 and a beta of 0.77. The stock’s 50-day moving average is $27.22 and its 200-day moving average is $26.84. Schwab US Dividend Equity ETF has a 1-year low of $23.87 and a 1-year high of $29.72.

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.