Cornerstone Advisors Asset Management LLC Takes Position in Schwab US Dividend Equity ETF $SCHD

Cornerstone Advisors Asset Management LLC acquired a new stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 16,123 shares of the company’s stock, valued at approximately $511,000.

Other large investors have also recently added to or reduced their stakes in the company. SMART Wealth LLC lifted its stake in shares of Schwab US Dividend Equity ETF by 102.2% during the 2nd quarter. SMART Wealth LLC now owns 18,497 shares of the company’s stock worth $587,000 after purchasing an additional 9,347 shares during the period. Comprehensive Financial Planning Inc. PA increased its position in Schwab US Dividend Equity ETF by 30.2% during the 2nd quarter. Comprehensive Financial Planning Inc. PA now owns 75,886 shares of the company’s stock worth $2,406,000 after purchasing an additional 17,603 shares in the last quarter. Tudor Financial Inc. boosted its position in shares of Schwab US Dividend Equity ETF by 5,929.3% in the second quarter. Tudor Financial Inc. now owns 264,504 shares of the company’s stock worth $8,387,000 after buying an additional 260,117 shares during the period. Concurrent Investment Advisors LLC lifted its position in shares of Schwab US Dividend Equity ETF by 15.0% during the second quarter. Concurrent Investment Advisors LLC now owns 400,330 shares of the company’s stock worth $12,694,000 after purchasing an additional 52,223 shares in the last quarter. Finally, Prosperitas Financial LLC lifted its holdings in Schwab US Dividend Equity ETF by 1.3% in the 2nd quarter. Prosperitas Financial LLC now owns 364,240 shares of the company’s stock worth $11,550,000 after buying an additional 4,834 shares in the last quarter.

Schwab US Dividend Equity ETF Trading Down 0.8%

NYSEARCA:SCHD opened at $34.80 on Friday. The stock has a 50 day moving average of $33.63 and a 200-day moving average of $32.25. The firm has a market capitalization of $108.12 billion, a PE ratio of 14.57 and a beta of 0.68. Schwab US Dividend Equity ETF has a 52 week low of $26.32 and a 52 week high of $35.31.

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.