429,617 Shares in Schwab US Dividend Equity ETF $SCHD Bought by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC bought a new stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) during the 3rd quarter, Holdings Channel reports. The firm bought 429,617 shares of the company’s stock, valued at approximately $13,975,000.

A number of other institutional investors have also modified their holdings of the stock. Rakuten Investment Management Inc. lifted its holdings in shares of Schwab US Dividend Equity ETF by 7.5% during the third quarter. Rakuten Investment Management Inc. now owns 50,684,634 shares of the company’s stock worth $1,664,990,000 after purchasing an additional 3,545,800 shares during the period. D.A. Davidson & CO. purchased a new position in Schwab US Dividend Equity ETF in the 3rd quarter valued at $79,998,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in Schwab US Dividend Equity ETF in the 3rd quarter valued at $71,569,000. Brookstone Capital Management acquired a new position in Schwab US Dividend Equity ETF in the 3rd quarter valued at $71,011,000. Finally, Summit Financial Wealth Advisors LLC purchased a new position in Schwab US Dividend Equity ETF during the 3rd quarter worth $63,803,000.

Schwab US Dividend Equity ETF Stock Performance

Shares of Schwab US Dividend Equity ETF stock opened at $36.21 on Thursday. Schwab US Dividend Equity ETF has a one year low of $26.41 and a one year high of $36.21. The company has a market cap of $123.11 billion, a P/E ratio of 19.09 and a beta of 0.68. The firm has a fifty day moving average of $34.18 and a two-hundred day moving average of $32.43.

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.