Axxcess Wealth Management LLC Buys 26,433 Shares of Schwab US Dividend Equity ETF $SCHD

Axxcess Wealth Management LLC raised its stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 4.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 666,972 shares of the company’s stock after purchasing an additional 26,433 shares during the period. Axxcess Wealth Management LLC’s holdings in Schwab US Dividend Equity ETF were worth $18,208,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. Biltmore Family Office LLC lifted its position in Schwab US Dividend Equity ETF by 116.4% during the third quarter. Biltmore Family Office LLC now owns 974 shares of the company’s stock worth $27,000 after acquiring an additional 524 shares during the last quarter. Independence Bank of Kentucky bought a new position in shares of Schwab US Dividend Equity ETF during the third quarter worth approximately $41,000. True Wealth Design LLC lifted its holdings in Schwab US Dividend Equity ETF by 42.9% during the 3rd quarter. True Wealth Design LLC now owns 1,500 shares of the company’s stock worth $41,000 after purchasing an additional 450 shares during the last quarter. Total Investment Management Inc. acquired a new position in Schwab US Dividend Equity ETF in the 2nd quarter valued at $43,000. Finally, Morton Brown Family Wealth LLC increased its position in Schwab US Dividend Equity ETF by 41.2% during the 3rd quarter. Morton Brown Family Wealth LLC now owns 1,635 shares of the company’s stock worth $45,000 after buying an additional 477 shares during the period.

Schwab US Dividend Equity ETF Stock Performance

SCHD opened at $31.42 on Wednesday. The stock has a fifty day moving average of $28.96 and a 200-day moving average of $27.83. Schwab US Dividend Equity ETF has a fifty-two week low of $23.87 and a fifty-two week high of $31.88. The company has a market capitalization of $82.64 billion, a P/E ratio of 14.57 and a beta of 0.77.

About Schwab US Dividend Equity ETF

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.