Raymond James Financial Services Advisors Inc. Has $455.01 Million Holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Raymond James Financial Services Advisors Inc. boosted its holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 2.4% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,851,505 shares of the company’s stock after acquiring an additional 139,020 shares during the quarter. Schwab US Dividend Equity ETF accounts for approximately 0.6% of Raymond James Financial Services Advisors Inc.’s investment portfolio, making the stock its 24th biggest holding. Raymond James Financial Services Advisors Inc. owned 0.83% of Schwab US Dividend Equity ETF worth $455,013,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Central Pacific Bank Trust Division purchased a new position in shares of Schwab US Dividend Equity ETF during the first quarter valued at approximately $25,000. CarsonAllaria Wealth Management Ltd. bought a new stake in Schwab US Dividend Equity ETF during the first quarter worth $26,000. PFG Private Wealth Management LLC bought a new stake in Schwab US Dividend Equity ETF during the second quarter worth $27,000. Olistico Wealth LLC bought a new stake in Schwab US Dividend Equity ETF during the second quarter worth $28,000. Finally, Voisard Asset Management Group Inc. bought a new stake in Schwab US Dividend Equity ETF during the fourth quarter worth $29,000.

Schwab US Dividend Equity ETF Stock Up 0.6 %

Schwab US Dividend Equity ETF stock traded up $0.47 during mid-day trading on Monday, reaching $82.43. 2,423,330 shares of the company’s stock were exchanged, compared to its average volume of 3,256,882. The business’s fifty day simple moving average is $79.34 and its 200 day simple moving average is $78.56. The firm has a market capitalization of $57.82 billion, a PE ratio of 15.04 and a beta of 0.74. Schwab US Dividend Equity ETF has a one year low of $66.67 and a one year high of $83.19.

Schwab US Dividend Equity ETF Company 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.