Kovack Advisors Inc. Raises Position in Schwab US Dividend Equity ETF $SCHD

Kovack Advisors Inc. raised its holdings in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 12.2% during the 2nd quarter, HoldingsChannel reports. The fund owned 69,614 shares of the company’s stock after acquiring an additional 7,574 shares during the quarter. Kovack Advisors Inc.’s holdings in Schwab US Dividend Equity ETF were worth $1,845,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of SCHD. Kingstone Capital Partners Texas LLC purchased a new position in shares of Schwab US Dividend Equity ETF during the 2nd quarter worth $1,031,129,000. Wealthspire Advisors LLC boosted its stake in shares of Schwab US Dividend Equity ETF by 95.2% during the 1st 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 last quarter. RMG Wealth Management LLC purchased a new position in shares of Schwab US Dividend Equity ETF during the 2nd quarter valued at $132,621,000. LPL Financial LLC lifted 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 buying an additional 2,470,706 shares in the last quarter. Finally, Cresset Asset Management LLC lifted its stake in shares of 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 valued at $212,001,000 after buying an additional 2,069,007 shares in the last quarter.

Schwab US Dividend Equity ETF Stock Performance

Shares of SCHD stock opened at $26.68 on Friday. Schwab US Dividend Equity ETF has a 52-week low of $23.87 and a 52-week high of $29.72. The firm has a market capitalization of $69.03 billion, a PE ratio of 14.57 and a beta of 0.77. The stock has a fifty day simple moving average of $27.29 and a two-hundred day simple moving average of $26.80.

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.