Canvas Wealth Advisors LLC Boosts Position in Schwab US Dividend Equity ETF $SCHD

Canvas Wealth Advisors LLC increased its holdings in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 17.6% in the 2nd quarter, Holdings Channel.com reports. The firm owned 406,202 shares of the company’s stock after acquiring an additional 60,865 shares during the quarter. Schwab US Dividend Equity ETF comprises approximately 2.2% of Canvas Wealth Advisors LLC’s investment portfolio, making the stock its 14th largest holding. Canvas Wealth Advisors LLC’s holdings in Schwab US Dividend Equity ETF were worth $11,049,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in SCHD. Kozak & Associates Inc. lifted its stake in Schwab US Dividend Equity ETF by 476.1% during the second quarter. Kozak & Associates Inc. now owns 1,135 shares of the company’s stock worth $31,000 after purchasing an additional 938 shares during the last quarter. PrairieView Partners LLC lifted its stake in Schwab US Dividend Equity ETF by 57.3% during the second quarter. PrairieView Partners LLC now owns 1,282 shares of the company’s stock worth $33,000 after purchasing an additional 467 shares during the last quarter. Financial Management Professionals Inc. lifted its stake in Schwab US Dividend Equity ETF by 241.9% during the second quarter. Financial Management Professionals Inc. now owns 1,282 shares of the company’s stock worth $34,000 after purchasing an additional 907 shares during the last quarter. Cooksen Wealth LLC purchased a new stake in Schwab US Dividend Equity ETF during the first quarter worth approximately $38,000. Finally, Optimum Investment Advisors lifted its stake in Schwab US Dividend Equity ETF by 57.6% in the first quarter. Optimum Investment Advisors now owns 1,381 shares of the company’s stock valued at $39,000 after buying an additional 505 shares during the last quarter.

Schwab US Dividend Equity ETF Trading Up 0.8%

Shares of NYSEARCA SCHD opened at $26.79 on Monday. Schwab US Dividend Equity ETF has a twelve month low of $23.87 and a twelve month high of $29.72. The stock has a 50 day moving average of $27.36 and a two-hundred day moving average of $26.69. The stock has a market cap of $69.65 billion, a P/E ratio of 14.57 and a beta of 0.88.

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.