Founders Financial Alliance LLC Has $1.19 Million Stock Holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Founders Financial Alliance LLC increased its stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 120.0% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 15,325 shares of the company’s stock after acquiring an additional 8,360 shares during the period. Founders Financial Alliance LLC’s holdings in Schwab US Dividend Equity ETF were worth $1,192,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of SCHD. Traynor Capital Management Inc. raised its holdings in shares of Schwab US Dividend Equity ETF by 53.6% in the 1st quarter. Traynor Capital Management Inc. now owns 6,140 shares of the company’s stock valued at $495,000 after purchasing an additional 2,142 shares during the period. Concurrent Investment Advisors LLC lifted its position in shares of Schwab US Dividend Equity ETF by 332.8% in the first quarter. Concurrent Investment Advisors LLC now owns 19,005 shares of the company’s stock valued at $1,532,000 after buying an additional 14,614 shares during the last quarter. Tidal Investments LLC acquired a new stake in shares of Schwab US Dividend Equity ETF in the first quarter valued at approximately $310,000. O Shaughnessy Asset Management LLC boosted its stake in shares of Schwab US Dividend Equity ETF by 576.5% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 11,859 shares of the company’s stock worth $956,000 after acquiring an additional 10,106 shares during the period. Finally, ICA Group Wealth Management LLC increased its holdings in shares of Schwab US Dividend Equity ETF by 7.1% during the 4th quarter. ICA Group Wealth Management LLC now owns 22,796 shares of the company’s stock worth $1,736,000 after acquiring an additional 1,517 shares during the last quarter.

Schwab US Dividend Equity ETF Price Performance

SCHD stock opened at $84.54 on Tuesday. The stock has a market cap of $59.30 billion, a price-to-earnings ratio of 15.04 and a beta of 0.74. The company has a fifty day moving average price of $82.55 and a two-hundred day moving average price of $79.87. Schwab US Dividend Equity ETF has a one year low of $66.67 and a one year high of $85.24.

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.