Balboa Wealth Partners Buys 1,601 Shares of Schwab US Dividend Equity ETF $SCHD

Balboa Wealth Partners increased its stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 8.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,179 shares of the company’s stock after buying an additional 1,601 shares during the quarter. Balboa Wealth Partners’ holdings in Schwab US Dividend Equity ETF were worth $535,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of SCHD. Kingstone Capital Partners Texas LLC bought a new position in Schwab US Dividend Equity ETF in the 2nd quarter valued at $1,031,129,000. LPL Financial LLC grew its stake in Schwab US Dividend Equity ETF by 6.8% in the 1st quarter. LPL Financial LLC now owns 38,785,482 shares of the company’s stock valued at $1,084,442,000 after purchasing an additional 2,470,706 shares during the period. Wealthspire Advisors LLC grew its stake in shares of 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 worth $826,353,000 after acquiring an additional 14,410,724 shares during the period. Avantax Advisory Services Inc. grew its stake in shares of Schwab US Dividend Equity ETF by 6.3% during the 1st quarter. Avantax Advisory Services Inc. now owns 27,640,926 shares of the company’s stock worth $772,840,000 after acquiring an additional 1,637,300 shares during the period. Finally, Ameriprise Financial Inc. grew its stake in shares of Schwab US Dividend Equity ETF by 0.7% during the 1st quarter. Ameriprise Financial Inc. now owns 17,539,875 shares of the company’s stock worth $491,196,000 after acquiring an additional 113,330 shares during the period.

Schwab US Dividend Equity ETF Stock Performance

SCHD stock opened at $26.99 on Tuesday. The company has a market capitalization of $70.17 billion, a price-to-earnings ratio of 14.57 and a beta of 0.88. Schwab US Dividend Equity ETF has a fifty-two week low of $23.87 and a fifty-two week high of $29.72. The stock has a fifty day moving average of $27.36 and a 200-day moving average of $26.71.

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.