Cowa LLC Grows Position in Schwab US Dividend Equity ETF $SCHD

Cowa LLC raised its holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 4.4% in the 2nd quarter, Holdings Channel.com reports. The firm owned 127,244 shares of the company’s stock after acquiring an additional 5,377 shares during the period. Schwab US Dividend Equity ETF makes up 1.3% of Cowa LLC’s investment portfolio, making the stock its 20th largest position. Cowa LLC’s holdings in Schwab US Dividend Equity ETF were worth $3,373,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of SCHD. Kingstone Capital Partners Texas LLC purchased a new position in Schwab US Dividend Equity ETF in the 2nd quarter valued at approximately $1,031,129,000. Wealthspire Advisors LLC boosted its holdings in shares of 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 acquiring an additional 14,410,724 shares during the period. RMG Wealth Management LLC purchased a new position in shares of Schwab US Dividend Equity ETF in the second quarter valued at $132,621,000. LPL Financial LLC raised its stake 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 valued at $1,084,442,000 after purchasing 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% 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 in the last quarter.

Schwab US Dividend Equity ETF Stock Up 1.8%

SCHD stock opened at $27.10 on Friday. The stock has a 50-day simple moving average of $27.02 and a two-hundred day simple moving average of $26.94. Schwab US Dividend Equity ETF has a twelve month low of $23.87 and a twelve month high of $29.72. The firm has a market capitalization of $70.08 billion, a PE ratio of 14.57 and a beta of 0.77.

Schwab US Dividend Equity ETF 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.