ProVise Management Group LLC Acquires 4,385 Shares of Schwab US Dividend Equity ETF (SCHD)

ProVise Management Group LLC raised its holdings in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 1.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 289,293 shares of the company’s stock after acquiring an additional 4,385 shares during the period. Schwab US Dividend Equity ETF comprises approximately 2.0% of ProVise Management Group LLC’s portfolio, making the stock its 6th biggest holding. ProVise Management Group LLC owned about 0.18% of Schwab US Dividend Equity ETF worth $15,333,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of SCHD. Asset Advisors Investment Management LLC purchased a new stake in shares of Schwab US Dividend Equity ETF during the third quarter valued at approximately $75,166,000. Cornerstone Wealth Management LLC boosted its stake in shares of Schwab US Dividend Equity ETF by 4,761.9% during the second quarter. Cornerstone Wealth Management LLC now owns 244,601 shares of the company’s stock valued at $4,970,000 after purchasing an additional 239,570 shares during the period. Madison Investment Holdings Inc. boosted its stake in shares of Schwab US Dividend Equity ETF by 33.5% during the second quarter. Madison Investment Holdings Inc. now owns 789,345 shares of the company’s stock valued at $38,907,000 after purchasing an additional 197,916 shares during the period. Envestnet Asset Management Inc. boosted its stake in shares of Schwab US Dividend Equity ETF by 73.3% during the second quarter. Envestnet Asset Management Inc. now owns 406,990 shares of the company’s stock valued at $20,060,000 after purchasing an additional 172,141 shares during the period. Finally, Charles Schwab Investment Advisory Inc. boosted its stake in shares of Schwab US Dividend Equity ETF by 2.1% during the second quarter. Charles Schwab Investment Advisory Inc. now owns 8,049,503 shares of the company’s stock valued at $396,760,000 after purchasing an additional 167,398 shares during the period.

Shares of NYSEARCA:SCHD traded up $0.20 during trading on Wednesday, reaching $51.40. 2,964 shares of the company traded hands, compared to its average volume of 887,807. Schwab US Dividend Equity ETF has a 52-week low of $47.08 and a 52-week high of $54.60.

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Institutional Ownership by Quarter for Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

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