Sunbelt Securities Inc. Acquires 61,053 Shares of Schwab US Dividend Equity ETF $SCHD

Sunbelt Securities Inc. increased its stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 14.3% during the third quarter, according to its most recent filing with the SEC. The fund owned 489,396 shares of the company’s stock after buying an additional 61,053 shares during the quarter. Schwab US Dividend Equity ETF accounts for approximately 0.9% of Sunbelt Securities Inc.’s portfolio, making the stock its 16th largest holding. Sunbelt Securities Inc.’s holdings in Schwab US Dividend Equity ETF were worth $13,361,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. Biltmore Family Office LLC raised its position in Schwab US Dividend Equity ETF by 116.4% in the third quarter. Biltmore Family Office LLC now owns 974 shares of the company’s stock worth $27,000 after acquiring an additional 524 shares during the period. Triumph Capital Management purchased a new position in Schwab US Dividend Equity ETF in the third quarter valued at about $33,000. Reyes Financial Architecture Inc. grew its position in shares of Schwab US Dividend Equity ETF by 1,903.1% during the 3rd quarter. Reyes Financial Architecture Inc. now owns 1,302 shares of the company’s stock valued at $36,000 after acquiring an additional 1,237 shares during the period. Turning Point Benefit Group Inc. bought a new position in shares of Schwab US Dividend Equity ETF during the 3rd quarter valued at approximately $36,000. Finally, Independence Bank of Kentucky bought a new position in shares of Schwab US Dividend Equity ETF during the 3rd quarter valued at approximately $41,000.

Schwab US Dividend Equity ETF Stock Up 0.3%

Shares of SCHD stock opened at $30.95 on Wednesday. The firm has a market cap of $81.41 billion, a P/E ratio of 14.57 and a beta of 0.77. The company has a 50 day moving average of $30.43 and a 200-day moving average of $28.39. Schwab US Dividend Equity ETF has a 12-month low of $23.87 and a 12-month high of $31.95.

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.