Robertson Stephens Wealth Management LLC Boosts Stock Position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Robertson Stephens Wealth Management LLC grew its stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 6.5% during the 1st quarter, HoldingsChannel reports. The fund owned 152,107 shares of the company’s stock after buying an additional 9,263 shares during the period. Robertson Stephens Wealth Management LLC’s holdings in Schwab US Dividend Equity ETF were worth $4,253,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in SCHD. Bank of America Corp DE lifted its position in shares of Schwab US Dividend Equity ETF by 569.6% during the fourth quarter. Bank of America Corp DE now owns 49,630,784 shares of the company’s stock worth $1,355,913,000 after acquiring an additional 42,218,696 shares in the last quarter. LPL Financial LLC lifted its position in shares of Schwab US Dividend Equity ETF by 214.9% during the fourth quarter. LPL Financial LLC now owns 36,314,776 shares of the company’s stock worth $992,120,000 after acquiring an additional 24,783,386 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Schwab US Dividend Equity ETF during the fourth quarter worth $592,939,000. Avantax Advisory Services Inc. lifted its position in shares of Schwab US Dividend Equity ETF by 205.8% during the fourth quarter. Avantax Advisory Services Inc. now owns 26,003,626 shares of the company’s stock worth $710,419,000 after acquiring an additional 17,501,170 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its position in shares of Schwab US Dividend Equity ETF by 208.5% during the fourth quarter. Envestnet Asset Management Inc. now owns 19,626,674 shares of the company’s stock worth $536,201,000 after acquiring an additional 13,264,762 shares in the last quarter.

Schwab US Dividend Equity ETF Stock Performance

Schwab US Dividend Equity ETF stock opened at $26.92 on Tuesday. The stock has a market cap of $69.99 billion, a P/E ratio of 15.93 and a beta of 0.82. Schwab US Dividend Equity ETF has a fifty-two week low of $23.87 and a fifty-two week high of $29.72. The firm’s fifty day moving average price is $26.01 and its 200-day moving average price is $27.14.

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.