Lido Advisors LLC Buys 647,697 Shares of Schwab US Dividend Equity ETF $SCHD

Lido Advisors LLC bought a new position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) during the 3rd quarter, Holdings Channel reports. The institutional investor bought 647,697 shares of the company’s stock, valued at approximately $21,071,000.

Other institutional investors have also recently modified their holdings of the company. Keybank National Association OH bought a new stake in Schwab US Dividend Equity ETF during the 3rd quarter valued at about $145,332,000. Cornerstone Wealth Management LLC lifted its stake in shares of Schwab US Dividend Equity ETF by 0.7% in the third quarter. Cornerstone Wealth Management LLC now owns 57,081 shares of the company’s stock worth $1,857,000 after buying an additional 395 shares in the last quarter. Narwhal Capital Management purchased a new stake in shares of Schwab US Dividend Equity ETF during the third quarter valued at approximately $1,138,000. Csenge Advisory Group grew its holdings in shares of Schwab US Dividend Equity ETF by 6.8% during the third quarter. Csenge Advisory Group now owns 83,595 shares of the company’s stock valued at $2,719,000 after buying an additional 5,327 shares during the last quarter. Finally, D.B. Root & Company LLC grew its holdings in shares of Schwab US Dividend Equity ETF by 5.2% during the third quarter. D.B. Root & Company LLC now owns 271,885 shares of the company’s stock valued at $8,844,000 after buying an additional 13,378 shares during the last quarter.

Schwab US Dividend Equity ETF Stock Up 0.5%

Shares of SCHD opened at $36.02 on Thursday. The company has a market capitalization of $122.56 billion, a P/E ratio of 19.09 and a beta of 0.66. The firm has a 50 day moving average of $34.25 and a 200 day moving average of $32.59. Schwab US Dividend Equity ETF has a twelve month low of $26.60 and a twelve month high of $36.38.

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.