Main Street Group LTD Increases Stake in Schwab US Dividend Equity ETF $SCHD

Main Street Group LTD lifted its position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 20.1% in the second quarter, HoldingsChannel.com reports. The firm owned 11,291 shares of the company’s stock after purchasing an additional 1,889 shares during the quarter. Main Street Group LTD’s holdings in Schwab US Dividend Equity ETF were worth $299,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in SCHD. Kingstone Capital Partners Texas LLC purchased a new position in shares of Schwab US Dividend Equity ETF in the second quarter valued at $1,031,129,000. LPL Financial LLC boosted its position in shares of Schwab US Dividend Equity ETF by 6.8% during the first quarter. LPL Financial LLC now owns 38,785,482 shares of the company’s stock valued at $1,084,442,000 after buying an additional 2,470,706 shares during the period. Wealthspire Advisors LLC boosted its holdings in Schwab US Dividend Equity ETF by 95.2% during the 1st quarter. Wealthspire Advisors LLC now owns 29,554,836 shares of the company’s stock valued at $826,353,000 after acquiring an additional 14,410,724 shares during the period. Avantax Advisory Services Inc. boosted its position in Schwab US Dividend Equity ETF by 6.3% in the 1st quarter. Avantax Advisory Services Inc. now owns 27,640,926 shares of the company’s stock valued at $772,840,000 after buying an additional 1,637,300 shares during the period. Finally, Ameriprise Financial Inc. boosted its holdings in shares of Schwab US Dividend Equity ETF by 0.7% in the first quarter. Ameriprise Financial Inc. now owns 17,539,875 shares of the company’s stock valued at $491,196,000 after purchasing an additional 113,330 shares during the period.

Schwab US Dividend Equity ETF Trading Up 0.6%

Shares of SCHD stock opened at $27.40 on Wednesday. Schwab US Dividend Equity ETF has a twelve month low of $23.87 and a twelve month high of $29.72. The stock has a fifty day simple moving average of $27.32 and a two-hundred day simple moving average of $26.79. The stock has a market capitalization of $71.47 billion, a price-to-earnings ratio of 14.57 and a beta of 0.88.

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.