TPG Advisors LLC Buys New Holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

TPG Advisors LLC acquired a new stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 38,426 shares of the company’s stock, valued at approximately $2,988,000. Schwab US Dividend Equity ETF makes up approximately 2.5% of TPG Advisors LLC’s portfolio, making the stock its 11th biggest position.

A number of other hedge funds also recently made changes to their positions in SCHD. LPL Financial LLC increased its stake in Schwab US Dividend Equity ETF by 3.1% during the 2nd quarter. LPL Financial LLC now owns 11,180,518 shares of the company’s stock worth $869,397,000 after buying an additional 339,256 shares during the period. Charles Schwab Investment Advisory Inc. lifted its stake in shares of Schwab US Dividend Equity ETF by 0.4% in the first quarter. Charles Schwab Investment Advisory Inc. now owns 9,721,361 shares of the company’s stock worth $783,833,000 after acquiring an additional 40,493 shares in the last quarter. Sumitomo Life Insurance Co. boosted its holdings in Schwab US Dividend Equity ETF by 41.5% in 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. grew its stake in Schwab US Dividend Equity ETF by 4.0% during the 1st 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 in the last quarter. Finally, Raymond James Financial Services Advisors Inc. increased its holdings in Schwab US Dividend Equity ETF by 2.4% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 5,851,505 shares of the company’s stock worth $455,013,000 after purchasing an additional 139,020 shares during the last quarter.

Schwab US Dividend Equity ETF Price Performance

NYSEARCA SCHD opened at $84.48 on Friday. The company has a market capitalization of $59.26 billion, a price-to-earnings ratio of 15.04 and a beta of 0.74. Schwab US Dividend Equity ETF has a 12 month low of $66.67 and a 12 month high of $85.24. The company’s fifty day moving average price is $82.19 and its two-hundred day moving average price is $79.62.

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.