Lido Advisors LLC Invests $32.31 Million in Schwab US Dividend Equity ETF $SCHD

Lido Advisors LLC acquired a new stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 1,183,407 shares of the company’s stock, valued at approximately $32,308,000.

Other hedge funds have also made changes to their positions in the company. Biltmore Family Office LLC increased its stake in Schwab US Dividend Equity ETF by 116.4% during the third quarter. Biltmore Family Office LLC now owns 974 shares of the company’s stock valued at $27,000 after acquiring an additional 524 shares during the period. Reyes Financial Architecture Inc. raised its holdings in Schwab US Dividend Equity ETF by 1,903.1% in the 3rd quarter. Reyes Financial Architecture Inc. now owns 1,302 shares of the company’s stock valued at $36,000 after acquiring an additional 1,237 shares in the last quarter. Independence Bank of Kentucky bought a new stake in shares of Schwab US Dividend Equity ETF in the 3rd quarter worth approximately $41,000. True Wealth Design LLC lifted its position in shares of Schwab US Dividend Equity ETF by 42.9% in the 3rd quarter. True Wealth Design LLC now owns 1,500 shares of the company’s stock worth $41,000 after acquiring an additional 450 shares during the period. Finally, Total Investment Management Inc. acquired a new stake in shares of Schwab US Dividend Equity ETF during the 2nd quarter worth approximately $43,000.

Schwab US Dividend Equity ETF Trading Up 0.2%

SCHD opened at $30.87 on Tuesday. The stock’s 50 day simple moving average is $30.38 and its 200-day simple moving average is $28.37. The stock has a market cap of $81.20 billion, a PE ratio of 14.57 and a beta of 0.77. Schwab US Dividend Equity ETF has a 1 year low of $23.87 and a 1 year high of $31.95.

About Schwab US Dividend Equity ETF

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.