Fund Evaluation Group LLC Acquires New Shares in Schwab US Dividend Equity ETF $SCHD

Fund Evaluation Group LLC bought a new position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 27,715 shares of the company’s stock, valued at approximately $734,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Kingstone Capital Partners Texas LLC purchased a new stake in shares of Schwab US Dividend Equity ETF in the second quarter worth about $1,031,129,000. Wealthspire Advisors LLC increased its holdings in 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 period. RMG Wealth Management LLC bought a new stake in Schwab US Dividend Equity ETF during the 2nd quarter worth approximately $132,621,000. LPL Financial LLC lifted its stake 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 in the last quarter. Finally, Cresset Asset Management LLC boosted its holdings in Schwab US Dividend Equity ETF by 37.5% in the 1st quarter. Cresset Asset Management LLC now owns 7,582,282 shares of the company’s stock valued at $212,001,000 after purchasing an additional 2,069,007 shares during the period.

Schwab US Dividend Equity ETF Price Performance

SCHD opened at $26.77 on Tuesday. The firm has a market capitalization of $69.22 billion, a P/E ratio of 14.57 and a beta of 0.77. Schwab US Dividend Equity ETF has a one year low of $23.87 and a one year high of $29.72. The company has a fifty day moving average price of $27.12 and a 200-day moving average price of $26.88.

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.