Lido Advisors LLC Acquires 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) in the 3rd quarter, according to its most recent disclosure with the SEC. The firm bought 647,697 shares of the company’s stock, valued at approximately $21,071,000.

A number of other large investors have also recently modified their holdings of SCHD. Rakuten Investment Management Inc. raised its stake in Schwab US Dividend Equity ETF by 7.5% in the third quarter. Rakuten Investment Management Inc. now owns 50,684,634 shares of the company’s stock worth $1,664,990,000 after buying an additional 3,545,800 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in Schwab US Dividend Equity ETF by 2.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 17,667,059 shares of the company’s stock valued at $560,222,000 after acquiring an additional 354,983 shares in the last quarter. Commonwealth Equity Services LLC bought a new stake in Schwab US Dividend Equity ETF during the 3rd quarter valued at approximately $337,510,000. Cassaday & Co Wealth Management LLC boosted its position in Schwab US Dividend Equity ETF by 3.5% during the 1st quarter. Cassaday & Co Wealth Management LLC now owns 9,569,026 shares of the company’s stock valued at $293,578,000 after acquiring an additional 324,778 shares in the last quarter. Finally, Royal Bank of Canada grew its holdings in shares of Schwab US Dividend Equity ETF by 8.3% during the 1st quarter. Royal Bank of Canada now owns 8,655,941 shares of the company’s stock worth $265,563,000 after acquiring an additional 660,876 shares during the period.

Schwab US Dividend Equity ETF Stock Performance

SCHD stock opened at $36.02 on Thursday. Schwab US Dividend Equity ETF has a fifty-two week low of $26.60 and a fifty-two week high of $36.38. The company has a market capitalization of $122.56 billion, a price-to-earnings ratio of 19.09 and a beta of 0.66. The business’s 50 day moving average price is $34.25 and its two-hundred day moving average price is $32.59.

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.