Schwab US Dividend Equity ETF $SCHD Shares Acquired by Balentine LLC

Balentine LLC grew its stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 2,265.2% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 81,459 shares of the company’s stock after buying an additional 78,015 shares during the quarter. Balentine LLC’s holdings in Schwab US Dividend Equity ETF were worth $2,159,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Kingstone Capital Partners Texas LLC acquired a new position in shares of Schwab US Dividend Equity ETF in the 2nd quarter valued at about $1,031,129,000. LPL Financial LLC raised its holdings 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. Wealthspire Advisors LLC raised its holdings 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. Avantax Advisory Services Inc. raised its holdings in Schwab US Dividend Equity ETF by 6.3% in the 1st quarter. Avantax Advisory Services Inc. now owns 27,640,926 shares of the company’s stock worth $772,840,000 after purchasing an additional 1,637,300 shares during the period. Finally, Envestnet Asset Management Inc. raised its holdings in Schwab US Dividend Equity ETF by 6.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 19,215,884 shares of the company’s stock worth $509,221,000 after purchasing an additional 1,083,206 shares during the period.

Schwab US Dividend Equity ETF Trading Up 0.3%

NYSEARCA SCHD opened at $26.75 on Friday. The stock has a market capitalization of $69.21 billion, a price-to-earnings ratio of 14.57 and a beta of 0.77. 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 $27.27 and a 200 day moving average of $26.81.

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.