Coastal Bridge Advisors LLC Purchases 31,474 Shares of Schwab US Dividend Equity ETF $SCHD

Coastal Bridge Advisors LLC increased its position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 3.1% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,051,797 shares of the company’s stock after purchasing an additional 31,474 shares during the period. Schwab US Dividend Equity ETF makes up approximately 2.2% of Coastal Bridge Advisors LLC’s portfolio, making the stock its 9th largest position. Coastal Bridge Advisors LLC’s holdings in Schwab US Dividend Equity ETF were worth $28,714,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the business. MOKAN Wealth Management Inc. boosted its stake in shares of Schwab US Dividend Equity ETF by 4.9% in the second quarter. MOKAN Wealth Management Inc. now owns 150,769 shares of the company’s stock valued at $3,995,000 after buying an additional 6,985 shares in the last quarter. Advisory Resource Group increased its holdings in shares of Schwab US Dividend Equity ETF by 4.4% in the 2nd quarter. Advisory Resource Group now owns 59,500 shares of the company’s stock valued at $1,577,000 after purchasing an additional 2,520 shares in the last quarter. DMKC Advisory Services LLC lifted its stake in shares of Schwab US Dividend Equity ETF by 10.6% in the third quarter. DMKC Advisory Services LLC now owns 219,680 shares of the company’s stock valued at $5,997,000 after purchasing an additional 20,989 shares during the period. BG Investment Services Inc. lifted its stake in shares of Schwab US Dividend Equity ETF by 82.8% in the third quarter. BG Investment Services Inc. now owns 62,076 shares of the company’s stock valued at $1,695,000 after purchasing an additional 28,109 shares during the period. Finally, Welch Group LLC boosted its holdings in Schwab US Dividend Equity ETF by 44.7% during the second quarter. Welch Group LLC now owns 11,724 shares of the company’s stock worth $311,000 after buying an additional 3,624 shares in the last quarter.

Schwab US Dividend Equity ETF Trading Down 0.2%

Shares of Schwab US Dividend Equity ETF stock opened at $29.30 on Thursday. The company has a 50-day moving average of $27.96 and a two-hundred day moving average of $27.44. Schwab US Dividend Equity ETF has a 12-month low of $23.87 and a 12-month high of $29.49. The stock has a market cap of $76.92 billion, a PE 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.