Stephens Consulting LLC Trims Stock Holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Stephens Consulting LLC cut its holdings in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 12.7% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,929 shares of the company’s stock after selling 1,299 shares during the quarter. Stephens Consulting LLC’s holdings in Schwab US Dividend Equity ETF were worth $694,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of SCHD. Central Pacific Bank Trust Division bought a new stake in Schwab US Dividend Equity ETF in the first quarter valued at about $25,000. CarsonAllaria Wealth Management Ltd. acquired a new stake in shares of Schwab US Dividend Equity ETF during the 1st quarter valued at approximately $26,000. Iron Horse Wealth Management LLC acquired a new stake in shares of Schwab US Dividend Equity ETF during the 2nd quarter valued at approximately $26,000. PFG Private Wealth Management LLC bought a new position in Schwab US Dividend Equity ETF during the second quarter worth $27,000. Finally, Olistico Wealth LLC acquired a new position in Schwab US Dividend Equity ETF in the second quarter worth $28,000.

Schwab US Dividend Equity ETF Stock Up 0.8 %

Shares of NYSEARCA:SCHD traded up $0.67 on Friday, reaching $84.53. 2,471,020 shares of the company’s stock were exchanged, compared to its average volume of 3,212,576. The business’s 50-day moving average is $80.47 and its two-hundred day moving average is $78.98. Schwab US Dividend Equity ETF has a fifty-two week low of $66.67 and a fifty-two week high of $84.57. The firm has a market capitalization of $59.30 billion, a price-to-earnings ratio of 15.04 and a beta of 0.74.

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.