DAVENPORT & Co LLC Grows Position in Schwab US Dividend Equity ETF $SCHD

DAVENPORT & Co LLC raised its position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 53.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 556,558 shares of the company’s stock after purchasing an additional 194,777 shares during the quarter. DAVENPORT & Co LLC’s holdings in Schwab US Dividend Equity ETF were worth $14,749,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in SCHD. Woodmont Investment Counsel LLC raised its holdings in shares of Schwab US Dividend Equity ETF by 410.6% in the second quarter. Woodmont Investment Counsel LLC now owns 49,285 shares of the company’s stock worth $1,306,000 after buying an additional 39,633 shares during the period. Merit Financial Group LLC grew its position in Schwab US Dividend Equity ETF by 1.5% in the 2nd quarter. Merit Financial Group LLC now owns 968,544 shares of the company’s stock valued at $25,666,000 after acquiring an additional 14,437 shares during the last quarter. Keudell Morrison Wealth Management increased its stake in Schwab US Dividend Equity ETF by 37.4% in the second quarter. Keudell Morrison Wealth Management now owns 1,172,084 shares of the company’s stock worth $31,060,000 after purchasing an additional 319,041 shares during the period. Beacon Financial Advisory LLC lifted its position in shares of Schwab US Dividend Equity ETF by 27.9% during the second quarter. Beacon Financial Advisory LLC now owns 27,703 shares of the company’s stock worth $734,000 after purchasing an additional 6,036 shares during the last quarter. Finally, Iron Horse Wealth Management LLC boosted its stake in shares of Schwab US Dividend Equity ETF by 12.2% during the second quarter. Iron Horse Wealth Management LLC now owns 4,664 shares of the company’s stock valued at $124,000 after purchasing an additional 507 shares during the period.

Schwab US Dividend Equity ETF Trading Down 0.3%

NYSEARCA SCHD opened at $27.34 on Tuesday. The stock has a market cap of $71.64 billion, a PE ratio of 14.57 and a beta of 0.88. Schwab US Dividend Equity ETF has a 12 month low of $23.87 and a 12 month high of $29.72. The company’s 50-day moving average price is $27.33 and its 200-day moving average price is $26.75.

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.