Orgel Wealth Management LLC Purchases 708,484 Shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Orgel Wealth Management LLC grew its position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 20.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,129,293 shares of the company’s stock after purchasing an additional 708,484 shares during the quarter. Schwab US Dividend Equity ETF makes up 9.9% of Orgel Wealth Management LLC’s investment portfolio, making the stock its 4th largest position. Orgel Wealth Management LLC owned approximately 0.64% of Schwab US Dividend Equity ETF worth $299,869,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. LVM Capital Management Ltd. MI raised its stake in Schwab US Dividend Equity ETF by 45.0% during the 2nd quarter. LVM Capital Management Ltd. MI now owns 23,343 shares of the company’s stock worth $1,695,000 after acquiring an additional 7,240 shares in the last quarter. Congress Wealth Management LLC DE acquired a new stake in Schwab US Dividend Equity ETF during the 1st quarter worth $5,893,000. Theory Financial LLC raised its stake in Schwab US Dividend Equity ETF by 2.8% during the 1st quarter. Theory Financial LLC now owns 47,815 shares of the company’s stock worth $3,498,000 after acquiring an additional 1,318 shares in the last quarter. Belpointe Asset Management LLC raised its stake in Schwab US Dividend Equity ETF by 27.2% during the 1st quarter. Belpointe Asset Management LLC now owns 64,718 shares of the company’s stock worth $4,735,000 after acquiring an additional 13,825 shares in the last quarter. Finally, SouthState Corp acquired a new stake in Schwab US Dividend Equity ETF during the 4th quarter worth $157,000.

Schwab US Dividend Equity ETF Trading Down 1.0 %

NYSEARCA:SCHD traded down $0.71 during midday trading on Friday, hitting $73.63. 2,711,238 shares of the company were exchanged, compared to its average volume of 3,139,465. The company has a market capitalization of $48.46 billion, a PE ratio of 14.38 and a beta of 0.88. Schwab US Dividend Equity ETF has a fifty-two week low of $65.96 and a fifty-two week high of $79.49. The company has a fifty day simple moving average of $74.12 and a 200 day simple moving average of $72.70.

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.