Coastal Bridge Advisors LLC Purchases 31,474 Shares of Schwab US Dividend Equity ETF $SCHD

Coastal Bridge Advisors LLC lifted its position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 3.1% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,051,797 shares of the company’s stock after buying an additional 31,474 shares during the quarter. Schwab US Dividend Equity ETF makes up about 2.2% of Coastal Bridge Advisors LLC’s holdings, making the stock its 9th largest position. Coastal Bridge Advisors LLC’s holdings in Schwab US Dividend Equity ETF were worth $28,714,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Rakuten Investment Management Inc. acquired a new position in Schwab US Dividend Equity ETF during the third quarter worth about $1,127,144,000. Avantax Advisory Services Inc. increased its stake in shares of Schwab US Dividend Equity ETF by 2.9% during the 2nd quarter. Avantax Advisory Services Inc. now owns 28,436,927 shares of the company’s stock worth $753,579,000 after purchasing an additional 796,001 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in shares of Schwab US Dividend Equity ETF by 6.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 19,215,884 shares of the company’s stock worth $509,221,000 after purchasing an additional 1,083,206 shares in the last quarter. Osaic Holdings Inc. raised its position in shares of Schwab US Dividend Equity ETF by 12.1% during the 2nd quarter. Osaic Holdings Inc. now owns 11,264,610 shares of the company’s stock worth $298,684,000 after purchasing an additional 1,217,005 shares during the last quarter. Finally, Avantax Planning Partners Inc. lifted its stake in Schwab US Dividend Equity ETF by 3.0% in the 3rd quarter. Avantax Planning Partners Inc. now owns 9,739,675 shares of the company’s stock valued at $265,893,000 after buying an additional 280,277 shares in the last quarter.

Schwab US Dividend Equity ETF Stock Performance

Schwab US Dividend Equity ETF stock opened at $29.30 on Thursday. Schwab US Dividend Equity ETF has a fifty-two week low of $23.87 and a fifty-two week high of $29.49. The company has a market capitalization of $76.92 billion, a price-to-earnings ratio of 14.57 and a beta of 0.77. The stock has a fifty day moving average of $27.96 and a two-hundred day moving average of $27.44.

Schwab US Dividend Equity ETF 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.