Covenant Asset Management LLC Has $307,000 Holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Covenant Asset Management LLC raised its position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 6.9% during the second quarter, Holdings Channel.com reports. The institutional investor owned 4,232 shares of the company’s stock after purchasing an additional 273 shares during the quarter. Covenant Asset Management LLC’s holdings in Schwab US Dividend Equity ETF were worth $307,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SCHD. Tradewinds Capital Management LLC bought a new stake in shares of Schwab US Dividend Equity ETF during the first quarter valued at approximately $26,000. O Shaughnessy Asset Management LLC grew its stake in shares of Schwab US Dividend Equity ETF by 115.2% during the first quarter. O Shaughnessy Asset Management LLC now owns 353 shares of the company’s stock valued at $26,000 after purchasing an additional 189 shares during the last quarter. Sage Mountain Advisors LLC grew its stake in shares of Schwab US Dividend Equity ETF by 75.9% during the first quarter. Sage Mountain Advisors LLC now owns 475 shares of the company’s stock valued at $35,000 after purchasing an additional 205 shares during the last quarter. Founders Capital Management bought a new stake in shares of Schwab US Dividend Equity ETF during the second quarter valued at approximately $44,000. Finally, Riggs Asset Managment Co. Inc. bought a new stake in shares of Schwab US Dividend Equity ETF during the first quarter valued at approximately $56,000.

Schwab US Dividend Equity ETF Trading Down 0.4 %

Shares of SCHD traded down $0.27 during mid-day trading on Tuesday, hitting $73.35. 485,424 shares of the company traded hands, compared to its average volume of 3,121,611. Schwab US Dividend Equity ETF has a one year low of $65.96 and a one year high of $79.49. The business has a 50-day moving average of $74.14 and a 200 day moving average of $72.66. The stock has a market capitalization of $48.28 billion, a price-to-earnings ratio of 14.38 and a beta of 0.88.

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.