Bridgewealth Advisory Group LLC Purchases 12,001 Shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Bridgewealth Advisory Group LLC increased its position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 11.8% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 113,955 shares of the company’s stock after purchasing an additional 12,001 shares during the quarter. Schwab US Dividend Equity ETF makes up approximately 3.9% of Bridgewealth Advisory Group LLC’s holdings, making the stock its 7th biggest holding. Bridgewealth Advisory Group LLC’s holdings in Schwab US Dividend Equity ETF were worth $8,861,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Central Pacific Bank Trust Division bought a new stake in shares of Schwab US Dividend Equity ETF during the first quarter valued at approximately $25,000. Financial Gravity Asset Management Inc. bought a new position in Schwab US Dividend Equity ETF during the 2nd quarter worth approximately $25,000. CarsonAllaria Wealth Management Ltd. bought a new stake in Schwab US Dividend Equity ETF in the first quarter valued at approximately $26,000. Iron Horse Wealth Management LLC acquired a new stake in Schwab US Dividend Equity ETF in the second quarter worth $26,000. Finally, PFG Private Wealth Management LLC acquired a new position in shares of Schwab US Dividend Equity ETF in the 2nd quarter valued at $27,000.

Schwab US Dividend Equity ETF Stock Down 0.5 %

SCHD opened at $84.48 on Friday. The company has a fifty day simple moving average of $82.19 and a 200 day simple moving average of $79.63. The stock has a market cap of $59.26 billion, a P/E 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.

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.