Schwab US Dividend Equity ETF (NYSEARCA:SCHD) Shares Purchased by American Financial Advisors LLC

American Financial Advisors LLC grew its stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 5.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 362,959 shares of the company’s stock after purchasing an additional 17,834 shares during the quarter. Schwab US Dividend Equity ETF makes up about 4.0% of American Financial Advisors LLC’s holdings, making the stock its 9th biggest position. American Financial Advisors LLC’s holdings in Schwab US Dividend Equity ETF were worth $28,224,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of SCHD. Traynor Capital Management Inc. increased its position in Schwab US Dividend Equity ETF by 53.6% during the first quarter. Traynor Capital Management Inc. now owns 6,140 shares of the company’s stock worth $495,000 after buying an additional 2,142 shares during the period. Concurrent Investment Advisors LLC boosted its stake in Schwab US Dividend Equity ETF by 332.8% during the 1st quarter. Concurrent Investment Advisors LLC now owns 19,005 shares of the company’s stock worth $1,532,000 after purchasing an additional 14,614 shares during the period. Tidal Investments LLC purchased a new position in Schwab US Dividend Equity ETF during the 1st quarter worth $310,000. Apexium Financial LP increased its stake in Schwab US Dividend Equity ETF by 27.0% in the fourth quarter. Apexium Financial LP now owns 287,086 shares of the company’s stock valued at $21,856,000 after purchasing an additional 60,972 shares during the period. Finally, O Shaughnessy Asset Management LLC raised its holdings in shares of Schwab US Dividend Equity ETF by 576.5% in the first quarter. O Shaughnessy Asset Management LLC now owns 11,859 shares of the company’s stock valued at $956,000 after buying an additional 10,106 shares during the last quarter.

Schwab US Dividend Equity ETF Trading Up 1.4 %

Shares of NYSEARCA SCHD traded up $1.14 during midday trading on Friday, reaching $83.48. 2,484,779 shares of the company were exchanged, compared to its average volume of 3,234,457. The stock has a market cap of $58.56 billion, a P/E ratio of 15.04 and a beta of 0.74. Schwab US Dividend Equity ETF has a 1 year low of $66.67 and a 1 year high of $83.56. The stock has a fifty day simple moving average of $79.87 and a 200 day simple moving average of $78.74.

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.