Macroview Investment Management LLC Takes $498,000 Position in Schwab US Dividend Equity ETF $SCHD

Macroview Investment Management LLC bought a new position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 18,243 shares of the company’s stock, valued at approximately $498,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Kingstone Capital Partners Texas LLC purchased a new stake in shares of Schwab US Dividend Equity ETF during the 2nd quarter worth approximately $1,031,129,000. Avantax Advisory Services Inc. grew its holdings in shares of Schwab US Dividend Equity ETF by 2.9% in the second quarter. Avantax Advisory Services Inc. now owns 28,436,927 shares of the company’s stock valued at $753,579,000 after purchasing an additional 796,001 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of Schwab US Dividend Equity ETF by 6.0% in the second quarter. Envestnet Asset Management Inc. now owns 19,215,884 shares of the company’s stock valued at $509,221,000 after purchasing an additional 1,083,206 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its position in Schwab US Dividend Equity ETF by 3.5% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 12,067,607 shares of the company’s stock worth $330,049,000 after purchasing an additional 412,988 shares during the last quarter. Finally, Osaic Holdings Inc. raised its stake in Schwab US Dividend Equity ETF by 12.1% during the second quarter. Osaic Holdings Inc. now owns 11,264,610 shares of the company’s stock valued at $298,684,000 after purchasing an additional 1,217,005 shares in the last quarter.

Schwab US Dividend Equity ETF Stock Up 0.5%

SCHD stock opened at $28.55 on Friday. Schwab US Dividend Equity ETF has a 52 week low of $23.87 and a 52 week high of $28.84. The firm has a market capitalization of $74.67 billion, a P/E ratio of 14.57 and a beta of 0.77. The company has a fifty day simple moving average of $27.41 and a two-hundred day simple moving average of $27.26.

About Schwab US Dividend Equity ETF

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.