Joseph Group Capital Management Has $7.70 Million Stock Position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Joseph Group Capital Management grew its position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 35,404.3% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 99,057 shares of the company’s stock after buying an additional 98,778 shares during the quarter. Schwab US Dividend Equity ETF accounts for approximately 4.0% of Joseph Group Capital Management’s investment portfolio, making the stock its 7th biggest holding. Joseph Group Capital Management’s holdings in Schwab US Dividend Equity ETF were worth $7,703,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SCHD. Brighton Jones LLC increased its position in shares of Schwab US Dividend Equity ETF by 23.2% during the 2nd quarter. Brighton Jones LLC now owns 36,574 shares of the company’s stock valued at $2,844,000 after purchasing an additional 6,893 shares during the last quarter. WCG Wealth Advisors LLC grew its position in Schwab US Dividend Equity ETF by 42.9% during the second quarter. WCG Wealth Advisors LLC now owns 19,353 shares of the company’s stock valued at $1,505,000 after buying an additional 5,813 shares during the period. AllGen Financial Advisors Inc. increased its holdings in Schwab US Dividend Equity ETF by 3.7% during the second quarter. AllGen Financial Advisors Inc. now owns 295,954 shares of the company’s stock worth $23,013,000 after buying an additional 10,563 shares during the last quarter. Paces Ferry Wealth Advisors LLC raised its position in Schwab US Dividend Equity ETF by 8.9% in the second quarter. Paces Ferry Wealth Advisors LLC now owns 112,820 shares of the company’s stock worth $8,773,000 after acquiring an additional 9,184 shares during the period. Finally, Carolinas Wealth Consulting LLC boosted its stake in Schwab US Dividend Equity ETF by 2.4% in the second quarter. Carolinas Wealth Consulting LLC now owns 299,681 shares of the company’s stock valued at $23,550,000 after acquiring an additional 7,081 shares during the last quarter.

Schwab US Dividend Equity ETF Stock Up 0.8 %

Shares of SCHD stock opened at $84.85 on Friday. The firm has a market cap of $59.52 billion, a P/E ratio of 15.04 and a beta of 0.74. The company has a 50 day moving average of $82.09 and a 200-day moving average of $79.58. Schwab US Dividend Equity ETF has a 12-month low of $66.67 and a 12-month high of $85.24.

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.