Skyline Advisors Inc. Raises Stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Skyline Advisors Inc. lifted its position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 1.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 192,291 shares of the company’s stock after buying an additional 2,713 shares during the period. Schwab US Dividend Equity ETF comprises 6.5% of Skyline Advisors Inc.’s portfolio, making the stock its 6th largest holding. Skyline Advisors Inc.’s holdings in Schwab US Dividend Equity ETF were worth $14,953,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Charles Schwab Investment Advisory Inc. raised its holdings in shares of Schwab US Dividend Equity ETF by 0.4% during the first quarter. Charles Schwab Investment Advisory Inc. now owns 9,721,361 shares of the company’s stock valued at $783,833,000 after purchasing an additional 40,493 shares during the last quarter. Sumitomo Life Insurance Co. raised its holdings in shares of Schwab US Dividend Equity ETF by 41.5% during the second quarter. Sumitomo Life Insurance Co. now owns 8,940,000 shares of the company’s stock valued at $677,625,000 after purchasing an additional 2,620,000 shares during the last quarter. Avantax Advisory Services Inc. raised its holdings in shares of Schwab US Dividend Equity ETF by 4.0% during the first quarter. Avantax Advisory Services Inc. now owns 7,775,195 shares of the company’s stock valued at $626,914,000 after purchasing an additional 299,496 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its holdings in shares of Schwab US Dividend Equity ETF by 2.4% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 5,851,505 shares of the company’s stock valued at $455,013,000 after purchasing an additional 139,020 shares during the last quarter. Finally, Commonwealth Equity Services LLC raised its holdings in shares of Schwab US Dividend Equity ETF by 7.1% during the first quarter. Commonwealth Equity Services LLC now owns 4,444,733 shares of the company’s stock valued at $358,379,000 after purchasing an additional 292,782 shares during the last quarter.

Schwab US Dividend Equity ETF Stock Performance

Shares of SCHD traded up $0.67 during mid-day trading on Friday, hitting $84.53. 2,472,968 shares of the company traded hands, compared to its average volume of 3,212,576. The stock has a 50-day moving average price of $80.47 and a two-hundred day moving average price of $78.98. Schwab US Dividend Equity ETF has a 1 year low of $66.67 and a 1 year high of $84.57. The stock has a market cap of $59.30 billion, a price-to-earnings ratio of 15.04 and a beta of 0.74.

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.