Integrated Wealth Concepts LLC Increases Stake in Schwab US Dividend Equity ETF $SCHD

Integrated Wealth Concepts LLC grew its holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 4.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 864,381 shares of the company’s stock after acquiring an additional 36,331 shares during the period. Integrated Wealth Concepts LLC’s holdings in Schwab US Dividend Equity ETF were worth $23,598,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of SCHD. Biltmore Family Office LLC increased its stake in shares of Schwab US Dividend Equity ETF by 116.4% in the 3rd quarter. Biltmore Family Office LLC now owns 974 shares of the company’s stock worth $27,000 after purchasing an additional 524 shares in the last quarter. Reyes Financial Architecture Inc. lifted its position in Schwab US Dividend Equity ETF by 1,903.1% during the third quarter. Reyes Financial Architecture Inc. now owns 1,302 shares of the company’s stock valued at $36,000 after purchasing an additional 1,237 shares in the last quarter. Independence Bank of Kentucky purchased a new position in Schwab US Dividend Equity ETF during the third quarter valued at $41,000. True Wealth Design LLC grew its holdings in Schwab US Dividend Equity ETF by 42.9% during the third quarter. True Wealth Design LLC now owns 1,500 shares of the company’s stock valued at $41,000 after purchasing an additional 450 shares during the period. Finally, Total Investment Management Inc. purchased a new stake in Schwab US Dividend Equity ETF in the second quarter worth about $43,000.

Schwab US Dividend Equity ETF Stock Down 0.1%

NYSEARCA SCHD opened at $30.80 on Monday. The stock’s 50-day moving average price is $30.32 and its 200-day moving average price is $28.35. Schwab US Dividend Equity ETF has a 52 week low of $23.87 and a 52 week high of $31.95. The company has a market capitalization of $81.01 billion, a P/E ratio of 14.57 and a beta of 0.77.

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.