Schwab US Dividend Equity ETF $SCHD is Wealth Management Resources Inc.’s 5th Largest Position

Wealth Management Resources Inc. increased its position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 8.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 944,248 shares of the company’s stock after acquiring an additional 71,842 shares during the quarter. Schwab US Dividend Equity ETF comprises approximately 8.5% of Wealth Management Resources Inc.’s holdings, making the stock its 5th biggest position. Wealth Management Resources Inc.’s holdings in Schwab US Dividend Equity ETF were worth $25,023,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SCHD. Kingstone Capital Partners Texas LLC purchased a new stake in Schwab US Dividend Equity ETF in the 2nd quarter worth approximately $1,031,129,000. Wealthspire Advisors LLC boosted its stake in 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 purchasing an additional 14,410,724 shares during the period. RMG Wealth Management LLC bought a new position in Schwab US Dividend Equity ETF in the 2nd quarter worth approximately $132,621,000. LPL Financial LLC boosted 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 worth $1,084,442,000 after purchasing an additional 2,470,706 shares during the period. Finally, Cresset Asset Management LLC boosted its stake in Schwab US Dividend Equity ETF by 37.5% in 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 period.

Schwab US Dividend Equity ETF Price Performance

SCHD stock opened at $26.54 on Friday. Schwab US Dividend Equity ETF has a 1-year low of $23.87 and a 1-year high of $29.72. The company has a market capitalization of $69.35 billion, a price-to-earnings ratio of 14.57 and a beta of 0.88. The business has a 50 day simple moving average of $27.36 and a two-hundred day simple moving average of $26.74.

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.