Focused Wealth Management Inc Acquires Shares of 46,853 Schwab US Dividend Equity ETF $SCHD

Focused Wealth Management Inc acquired a new position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) during the second quarter, Holdings Channel reports. The fund acquired 46,853 shares of the company’s stock, valued at approximately $1,242,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Kingstone Capital Partners Texas LLC bought a new stake in Schwab US Dividend Equity ETF in the 2nd quarter worth about $1,031,129,000. Wealthspire Advisors LLC boosted its stake in shares of Schwab US Dividend Equity ETF by 95.2% in 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 during the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Schwab US Dividend Equity ETF by 216.1% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 11,471,870 shares of the company’s stock valued at $313,411,000 after acquiring an additional 7,842,532 shares in the last quarter. LPL Financial LLC increased 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 acquiring an additional 2,470,706 shares during the last quarter. Finally, Cresset Asset Management LLC lifted its holdings in Schwab US Dividend Equity ETF by 37.5% during the first quarter. Cresset Asset Management LLC now owns 7,582,282 shares of the company’s stock worth $212,001,000 after acquiring an additional 2,069,007 shares during the period.

Schwab US Dividend Equity ETF Trading Down 0.3%

SCHD stock opened at $27.25 on Tuesday. The stock has a market cap of $71.08 billion, a P/E ratio of 14.57 and a beta of 0.88. The stock’s fifty day simple moving average is $27.31 and its two-hundred day simple moving average is $26.79. Schwab US Dividend Equity ETF has a 1-year low of $23.87 and a 1-year high of $29.72.

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.