Washington Trust Bank Invests $374,000 in Schwab US Dividend Equity ETF $SCHD

Washington Trust Bank acquired a new stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 14,106 shares of the company’s stock, valued at approximately $374,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Kingstone Capital Partners Texas LLC bought a new position in Schwab US Dividend Equity ETF in the 2nd quarter valued at approximately $1,031,129,000. LPL Financial LLC boosted its holdings in Schwab US Dividend Equity ETF by 6.8% in 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 during the period. Wealthspire Advisors LLC raised its position 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 valued at $826,353,000 after buying an additional 14,410,724 shares during the last quarter. Avantax Advisory Services Inc. lifted its position in shares of Schwab US Dividend Equity ETF by 6.3% in the first quarter. Avantax Advisory Services Inc. now owns 27,640,926 shares of the company’s stock worth $772,840,000 after buying an additional 1,637,300 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its position in 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 valued at $509,221,000 after purchasing an additional 1,083,206 shares during the last quarter.

Schwab US Dividend Equity ETF Stock Down 0.2%

SCHD stock opened at $26.52 on Friday. The stock has a market capitalization of $68.58 billion, a price-to-earnings ratio of 14.57 and a beta of 0.77. Schwab US Dividend Equity ETF has a twelve month low of $23.87 and a twelve month high of $29.72. The firm’s fifty day simple moving average is $27.17 and its two-hundred day simple moving average is $26.84.

Schwab US Dividend Equity ETF Company 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.