Global Wealth Management LLC Boosts Stock Position in Schwab US Dividend Equity ETF $SCHD

Global Wealth Management LLC lifted its position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 3.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 710,673 shares of the company’s stock after buying an additional 20,994 shares during the quarter. Schwab US Dividend Equity ETF makes up 10.6% of Global Wealth Management LLC’s holdings, making the stock its 5th largest holding. Global Wealth Management LLC’s holdings in Schwab US Dividend Equity ETF were worth $19,408,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Opal Wealth Advisors LLC bought a new position in shares of Schwab US Dividend Equity ETF during the 1st quarter worth $27,000. Kozak & Associates Inc. boosted its position in Schwab US Dividend Equity ETF by 476.1% during the second quarter. Kozak & Associates Inc. now owns 1,135 shares of the company’s stock valued at $31,000 after purchasing an additional 938 shares in the last quarter. Financial Management Professionals Inc. boosted its position in Schwab US Dividend Equity ETF by 241.9% during the second quarter. Financial Management Professionals Inc. now owns 1,282 shares of the company’s stock valued at $34,000 after purchasing an additional 907 shares in the last quarter. Cooksen Wealth LLC bought a new stake in Schwab US Dividend Equity ETF during the first quarter valued at about $38,000. Finally, Optimum Investment Advisors boosted its position in Schwab US Dividend Equity ETF by 57.6% during the first quarter. Optimum Investment Advisors now owns 1,381 shares of the company’s stock valued at $39,000 after purchasing an additional 505 shares in the last quarter.

Schwab US Dividend Equity ETF Price Performance

Shares of SCHD stock opened at $27.16 on Thursday. Schwab US Dividend Equity ETF has a 1-year low of $23.87 and a 1-year high of $29.72. The stock’s 50-day moving average is $27.32 and its 200 day moving average is $26.79. The company has a market cap of $70.84 billion, a P/E ratio of 14.57 and a beta of 0.88.

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.