Rockport Wealth LLC Increases Position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Rockport Wealth LLC grew its holdings in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 1.1% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 19,046 shares of the company’s stock after buying an additional 210 shares during the quarter. Schwab US Dividend Equity ETF accounts for about 0.6% of Rockport Wealth LLC’s investment portfolio, making the stock its 21st biggest position. Rockport Wealth LLC’s holdings in Schwab US Dividend Equity ETF were worth $1,481,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Brick & Kyle Associates increased its stake in Schwab US Dividend Equity ETF by 2.9% in the 2nd quarter. Brick & Kyle Associates now owns 4,551 shares of the company’s stock worth $354,000 after buying an additional 130 shares during the period. Raab & Moskowitz Asset Management LLC grew its stake in Schwab US Dividend Equity ETF by 33.0% in the 2nd quarter. Raab & Moskowitz Asset Management LLC now owns 23,015 shares of the company’s stock worth $1,790,000 after acquiring an additional 5,704 shares in the last quarter. Core Wealth Advisors Inc. increased its position in shares of Schwab US Dividend Equity ETF by 1.9% during the second quarter. Core Wealth Advisors Inc. now owns 15,327 shares of the company’s stock worth $1,192,000 after acquiring an additional 280 shares during the period. Disciplined Equity Management Inc. purchased a new position in shares of Schwab US Dividend Equity ETF during the second quarter worth approximately $117,000. Finally, Drucker Wealth 3.0 LLC bought a new stake in shares of Schwab US Dividend Equity ETF during the second quarter valued at approximately $271,000.

Schwab US Dividend Equity ETF Stock Performance

Shares of NYSEARCA SCHD opened at $84.25 on Friday. Schwab US Dividend Equity ETF has a 52-week low of $66.67 and a 52-week high of $85.24. The firm has a market capitalization of $59.10 billion, a price-to-earnings ratio of 15.04 and a beta of 0.74. The stock has a 50 day moving average price of $82.42 and a 200 day moving average price of $79.78.

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.