Integrated Wealth Concepts LLC boosted its holdings in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD – Free Report) by 34.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,478,320 shares of the company’s stock after purchasing an additional 377,987 shares during the quarter. Integrated Wealth Concepts LLC’s holdings in Schwab US Dividend Equity ETF were worth $46,878,000 as of its most recent SEC filing.
Several other institutional investors have also recently made changes to their positions in SCHD. Byrne Asset Management LLC bought a new stake in shares of Schwab US Dividend Equity ETF during the second quarter worth $26,000. DiNuzzo Private Wealth Inc. purchased a new stake in shares of Schwab US Dividend Equity ETF during the second quarter valued at $27,000. Ashton Thomas Securities LLC acquired a new stake in shares of Schwab US Dividend Equity ETF in the first quarter worth $32,000. Triumph Capital Management acquired a new stake in Schwab US Dividend Equity ETF during the third quarter worth about $33,000. Finally, Turning Point Benefit Group Inc. purchased a new position in Schwab US Dividend Equity ETF in the third quarter valued at $36,000.
Schwab US Dividend Equity ETF Price Performance
Shares of SCHD stock opened at $34.41 on Wednesday. Schwab US Dividend Equity ETF has a 1-year low of $26.32 and a 1-year high of $35.31. The stock has a 50 day simple moving average of $33.74 and a 200-day simple moving average of $32.30. The company has a market cap of $106.91 billion, a price-to-earnings ratio of 14.57 and a beta of 0.68.
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.
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