Schwab US Dividend Equity ETF $SCHD Stock Position Raised by HighTower Advisors LLC

HighTower Advisors LLC lifted its position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 0.6% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 5,684,538 shares of the company’s stock after buying an additional 33,472 shares during the quarter. HighTower Advisors LLC’s holdings in Schwab US Dividend Equity ETF were worth $155,188,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Biltmore Family Office LLC grew 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 in the last quarter. Independence Bank of Kentucky acquired a new stake in shares of Schwab US Dividend Equity ETF in the 3rd quarter valued at $41,000. True Wealth Design LLC boosted its holdings in Schwab US Dividend Equity ETF by 42.9% in the third quarter. True Wealth Design LLC now owns 1,500 shares of the company’s stock worth $41,000 after purchasing an additional 450 shares in the last quarter. Total Investment Management Inc. acquired a new position in Schwab US Dividend Equity ETF during the second quarter worth $43,000. Finally, Morton Brown Family Wealth LLC raised its holdings in Schwab US Dividend Equity ETF by 41.2% during the third quarter. Morton Brown Family Wealth LLC now owns 1,635 shares of the company’s stock valued at $45,000 after buying an additional 477 shares in the last quarter.

Schwab US Dividend Equity ETF Price Performance

Shares of NYSEARCA:SCHD opened at $31.61 on Monday. The stock has a market capitalization of $83.14 billion, a P/E ratio of 14.57 and a beta of 0.77. The business has a 50-day moving average of $28.80 and a two-hundred day moving average of $27.76. Schwab US Dividend Equity ETF has a fifty-two week low of $23.87 and a fifty-two week high of $31.77.

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.