Golden State Wealth Management LLC Buys 1,586 Shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Golden State Wealth Management LLC increased its stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHDFree Report) by 10.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,275 shares of the company’s stock after purchasing an additional 1,586 shares during the period. Golden State Wealth Management LLC’s holdings in Schwab US Dividend Equity ETF were worth $483,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Bank of America Corp DE grew its position in shares of Schwab US Dividend Equity ETF by 569.6% during the 4th quarter. Bank of America Corp DE now owns 49,630,784 shares of the company’s stock worth $1,355,913,000 after buying an additional 42,218,696 shares during the period. LPL Financial LLC grew its holdings in Schwab US Dividend Equity ETF by 214.9% during the fourth quarter. LPL Financial LLC now owns 36,314,776 shares of the company’s stock valued at $992,120,000 after purchasing an additional 24,783,386 shares during the period. Avantax Advisory Services Inc. grew its holdings in Schwab US Dividend Equity ETF by 205.8% during the fourth quarter. Avantax Advisory Services Inc. now owns 26,003,626 shares of the company’s stock valued at $710,419,000 after purchasing an additional 17,501,170 shares during the period. Envestnet Asset Management Inc. increased its stake in Schwab US Dividend Equity ETF by 208.5% in the fourth quarter. Envestnet Asset Management Inc. now owns 19,626,674 shares of the company’s stock valued at $536,201,000 after purchasing an additional 13,264,762 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in Schwab US Dividend Equity ETF by 202.3% in the fourth quarter. Ameriprise Financial Inc. now owns 17,426,545 shares of the company’s stock worth $475,816,000 after purchasing an additional 11,661,011 shares during the period.

Schwab US Dividend Equity ETF Stock Up 0.1%

Shares of SCHD stock opened at $27.35 on Friday. Schwab US Dividend Equity ETF has a 12-month low of $23.87 and a 12-month high of $29.72. The firm has a fifty day moving average of $26.37 and a 200-day moving average of $26.98. The firm has a market capitalization of $71.37 billion, a price-to-earnings ratio of 14.34 and a beta of 0.88.

About Schwab US Dividend Equity ETF

(Free Report)

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.

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Institutional Ownership by Quarter for Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

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