Richards Merrill & Peterson Inc. Boosts Position in Schwab US Dividend Equity ETF $SCHD

Richards Merrill & Peterson Inc. boosted its holdings in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 12.2% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 83,553 shares of the company’s stock after buying an additional 9,098 shares during the quarter. Schwab US Dividend Equity ETF accounts for about 1.1% of Richards Merrill & Peterson Inc.’s portfolio, making the stock its 18th largest holding. Richards Merrill & Peterson Inc.’s holdings in Schwab US Dividend Equity ETF were worth $2,214,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the business. Kingstone Capital Partners Texas LLC purchased a new position in Schwab US Dividend Equity ETF during the 2nd quarter worth approximately $1,031,129,000. LPL Financial LLC raised its position in Schwab US Dividend Equity ETF by 6.8% during the 1st quarter. LPL Financial LLC now owns 38,785,482 shares of the company’s stock worth $1,084,442,000 after buying an additional 2,470,706 shares during the last quarter. Wealthspire Advisors LLC raised its position 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 buying an additional 14,410,724 shares during the last quarter. Avantax Advisory Services Inc. raised its position in Schwab US Dividend Equity ETF by 6.3% during the 1st quarter. Avantax Advisory Services Inc. now owns 27,640,926 shares of the company’s stock worth $772,840,000 after buying an additional 1,637,300 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its position in Schwab US Dividend Equity ETF by 0.7% during the 1st quarter. Ameriprise Financial Inc. now owns 17,539,875 shares of the company’s stock worth $491,196,000 after buying an additional 113,330 shares during the last quarter.

Schwab US Dividend Equity ETF Price Performance

NYSEARCA:SCHD opened at $27.03 on Friday. The company has a 50 day moving average price of $27.34 and a 200-day moving average price of $26.74. Schwab US Dividend Equity ETF has a 1-year low of $23.87 and a 1-year high of $29.72. The firm has a market cap of $70.07 billion, a price-to-earnings ratio of 14.57 and a beta of 0.88.

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.