NewEdge Advisors LLC Buys 45,388 Shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

NewEdge Advisors LLC boosted its position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 11.6% during the 2nd quarter, HoldingsChannel reports. The fund owned 437,970 shares of the company’s stock after buying an additional 45,388 shares during the quarter. NewEdge Advisors LLC’s holdings in Schwab US Dividend Equity ETF were worth $34,057,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in SCHD. Central Pacific Bank Trust Division bought a new stake in Schwab US Dividend Equity ETF in the 1st quarter valued at $25,000. Financial Gravity Asset Management Inc. acquired a new stake in shares of Schwab US Dividend Equity ETF during the 2nd quarter valued at about $25,000. CarsonAllaria Wealth Management Ltd. bought a new stake in Schwab US Dividend Equity ETF in the first quarter valued at about $26,000. Iron Horse Wealth Management LLC acquired a new position in Schwab US Dividend Equity ETF in the second quarter worth about $26,000. Finally, PFG Private Wealth Management LLC bought a new position in Schwab US Dividend Equity ETF during the second quarter worth about $27,000.

Schwab US Dividend Equity ETF Trading Up 0.6 %

SCHD stock opened at $84.26 on Friday. The firm has a market cap of $59.11 billion, a P/E ratio of 15.04 and a beta of 0.74. Schwab US Dividend Equity ETF has a 1-year low of $66.67 and a 1-year high of $85.24. The business’s 50 day moving average is $82.49 and its 200-day moving average is $79.82.

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.