Milestones Private Investment Advisors LLC Invests $3.48 Million in Schwab US Dividend Equity ETF $SCHD

Milestones Private Investment Advisors LLC purchased a new stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 131,269 shares of the company’s stock, valued at approximately $3,479,000. Schwab US Dividend Equity ETF accounts for 2.6% of Milestones Private Investment Advisors LLC’s holdings, making the stock its 9th biggest position.

Other hedge funds have also added to or reduced their stakes in the company. Kingstone Capital Partners Texas LLC bought a new position in shares of Schwab US Dividend Equity ETF during the 2nd quarter valued at approximately $1,031,129,000. Avantax Advisory Services Inc. lifted its stake in Schwab US Dividend Equity ETF by 2.9% in the second quarter. Avantax Advisory Services Inc. now owns 28,436,927 shares of the company’s stock valued at $753,579,000 after purchasing an additional 796,001 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in Schwab US Dividend Equity ETF by 6.0% during the second quarter. Envestnet Asset Management Inc. now owns 19,215,884 shares of the company’s stock valued at $509,221,000 after purchasing an additional 1,083,206 shares during the period. Ameriprise Financial Inc. grew its holdings in Schwab US Dividend Equity ETF by 0.7% during the first quarter. Ameriprise Financial Inc. now owns 17,539,875 shares of the company’s stock valued at $491,196,000 after purchasing an additional 113,330 shares during the period. Finally, Wealth Enhancement Advisory Services LLC increased its position in Schwab US Dividend Equity ETF by 3.5% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 12,067,607 shares of the company’s stock worth $330,049,000 after buying an additional 412,988 shares during the last quarter.

Schwab US Dividend Equity ETF Price Performance

Shares of NYSEARCA SCHD opened at $27.68 on Monday. Schwab US Dividend Equity ETF has a one year low of $23.87 and a one year high of $28.84. The business’s fifty day moving average price is $27.09 and its 200-day moving average price is $27.11. The stock has a market capitalization of $71.58 billion, a PE ratio of 14.57 and a beta of 0.77.

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.