Acorn Financial Advisory Services Inc. ADV Boosts Stock Position in Schwab US Dividend Equity ETF $SCHD

Acorn Financial Advisory Services Inc. ADV lifted its position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 31.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,756 shares of the company’s stock after purchasing an additional 3,545 shares during the period. Acorn Financial Advisory Services Inc. ADV’s holdings in Schwab US Dividend Equity ETF were worth $391,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Kingstone Capital Partners Texas LLC purchased a new stake in Schwab US Dividend Equity ETF in the second quarter worth about $1,031,129,000. Wealthspire Advisors LLC lifted its holdings in Schwab US Dividend Equity ETF by 95.2% in the first 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 period. RMG Wealth Management LLC purchased a new stake in Schwab US Dividend Equity ETF in the second quarter worth about $132,621,000. LPL Financial LLC lifted its holdings in Schwab US Dividend Equity ETF by 6.8% in the first 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 during the period. Finally, Cresset Asset Management LLC lifted its holdings in Schwab US Dividend Equity ETF by 37.5% in the first quarter. Cresset Asset Management LLC now owns 7,582,282 shares of the company’s stock worth $212,001,000 after buying an additional 2,069,007 shares during the period.

Schwab US Dividend Equity ETF Price Performance

Shares of SCHD opened at $26.63 on Tuesday. Schwab US Dividend Equity ETF has a one year low of $23.87 and a one year high of $29.72. The company has a 50-day simple moving average of $27.36 and a two-hundred day simple moving average of $26.72. The firm has a market capitalization of $69.53 billion, a PE ratio of 14.57 and a beta of 0.88.

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.