Schwab US Dividend Equity ETF (NYSEARCA:SCHD) is Carolinas Wealth Consulting LLC’s 5th Largest Position

Carolinas Wealth Consulting LLC lifted its position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 2.4% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 299,681 shares of the company’s stock after buying an additional 7,081 shares during the quarter. Schwab US Dividend Equity ETF accounts for approximately 4.3% of Carolinas Wealth Consulting LLC’s holdings, making the stock its 5th largest position. Carolinas Wealth Consulting LLC’s holdings in Schwab US Dividend Equity ETF were worth $23,550,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of SCHD. Central Pacific Bank Trust Division purchased a new stake in Schwab US Dividend Equity ETF in the first quarter valued at approximately $25,000. Financial Gravity Asset Management Inc. purchased a new stake in Schwab US Dividend Equity ETF in the second quarter valued at approximately $25,000. CarsonAllaria Wealth Management Ltd. purchased a new stake in Schwab US Dividend Equity ETF in the first quarter valued at approximately $26,000. Iron Horse Wealth Management LLC purchased a new stake in Schwab US Dividend Equity ETF in the second quarter valued at approximately $26,000. Finally, PFG Private Wealth Management LLC acquired a new position in Schwab US Dividend Equity ETF during the second quarter valued at approximately $27,000.

Schwab US Dividend Equity ETF Stock Down 0.1 %

Shares of SCHD stock opened at $84.09 on Wednesday. The stock has a market cap of $58.99 billion, a price-to-earnings ratio of 15.04 and a beta of 0.74. Schwab US Dividend Equity ETF has a fifty-two week low of $66.67 and a fifty-two week high of $84.59. The firm’s 50 day moving average price is $81.84 and its two-hundred day moving average price is $79.51.

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.