Fairway Financial LLC Increases Position in Schwab US Dividend Equity ETF $SCHD

Fairway Financial LLC grew its position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 4.1% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 352,406 shares of the company’s stock after buying an additional 13,802 shares during the quarter. Schwab US Dividend Equity ETF accounts for approximately 7.9% of Fairway Financial LLC’s investment portfolio, making the stock its 5th biggest holding. Fairway Financial LLC’s holdings in Schwab US Dividend Equity ETF were worth $9,339,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of SCHD. Kingstone Capital Partners Texas LLC bought a new position in shares of Schwab US Dividend Equity ETF during the 2nd quarter worth approximately $1,031,129,000. Wealthspire Advisors LLC lifted its position 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 buying an additional 14,410,724 shares in the last quarter. RMG Wealth Management LLC bought a new position in shares of Schwab US Dividend Equity ETF during the 2nd quarter worth approximately $132,621,000. LPL Financial LLC lifted its position in shares of Schwab US Dividend Equity ETF by 6.8% during the 1st quarter. LPL Financial LLC now owns 38,785,482 shares of the company’s stock worth $1,084,442,000 after buying an additional 2,470,706 shares in the last quarter. Finally, Cresset Asset Management LLC increased its stake in shares of Schwab US Dividend Equity ETF by 37.5% during the 1st quarter. Cresset Asset Management LLC now owns 7,582,282 shares of the company’s stock worth $212,001,000 after purchasing an additional 2,069,007 shares during the last quarter.

Schwab US Dividend Equity ETF Stock Up 0.5%

Shares of SCHD stock opened at $26.57 on Thursday. The company has a 50 day moving average of $27.19 and a 200-day moving average of $26.84. Schwab US Dividend Equity ETF has a 12-month low of $23.87 and a 12-month high of $29.72. The firm has a market cap of $68.71 billion, a P/E ratio of 14.57 and a beta of 0.77.

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.