HighMark Wealth Management LLC Grows Position in Schwab US Dividend Equity ETF $SCHD

HighMark Wealth Management LLC grew its stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 56.7% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,846 shares of the company’s stock after purchasing an additional 2,115 shares during the period. HighMark Wealth Management LLC’s holdings in Schwab US Dividend Equity ETF were worth $155,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Principal Financial Group Inc. acquired a new stake in shares of Schwab US Dividend Equity ETF during the 1st quarter valued at approximately $384,000. Allspring Global Investments Holdings LLC increased its stake in Schwab US Dividend Equity ETF by 343.3% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 12,115 shares of the company’s stock valued at $339,000 after purchasing an additional 9,382 shares in the last quarter. Elevate Wealth Advisory Inc. raised its holdings in Schwab US Dividend Equity ETF by 7.4% during the first quarter. Elevate Wealth Advisory Inc. now owns 56,983 shares of the company’s stock worth $1,593,000 after purchasing an additional 3,915 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in Schwab US Dividend Equity ETF by 1.6% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 11,654,619 shares of the company’s stock worth $325,863,000 after purchasing an additional 182,749 shares in the last quarter. Finally, Schaeffer Financial LLC grew its holdings in Schwab US Dividend Equity ETF by 3.7% in the first quarter. Schaeffer Financial LLC now owns 688,852 shares of the company’s stock valued at $19,260,000 after purchasing an additional 24,751 shares during the last quarter.

Schwab US Dividend Equity ETF Stock Down 0.7%

NYSEARCA:SCHD opened at $27.34 on Friday. Schwab US Dividend Equity ETF has a 52-week low of $23.87 and a 52-week high of $29.72. The stock has a fifty day simple moving average of $27.33 and a 200-day simple moving average of $26.77. The company has a market capitalization of $71.31 billion, a PE ratio of 14.57 and a beta of 0.88.

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.