Schwab US Dividend Equity ETF (NYSEARCA:SCHD) Shares Sold by CCG Wealth Management LLC

CCG Wealth Management LLC lessened its position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 23.3% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 11,291 shares of the company’s stock after selling 3,436 shares during the period. CCG Wealth Management LLC’s holdings in Schwab US Dividend Equity ETF were worth $878,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Sumitomo Life Insurance Co. boosted its holdings in shares of Schwab US Dividend Equity ETF by 110.7% in the 1st quarter. Sumitomo Life Insurance Co. now owns 6,320,000 shares of the company’s stock valued at $471,352,000 after purchasing an additional 3,320,000 shares during the last quarter. Charles Schwab Trust Bank purchased a new stake in Schwab US Dividend Equity ETF during the first quarter valued at about $146,782,000. Focus Financial Network Inc. ADV acquired a new stake in Schwab US Dividend Equity ETF during the fourth quarter worth about $95,831,000. Diversified LLC raised its holdings in shares of Schwab US Dividend Equity ETF by 493.3% in the 1st quarter. Diversified LLC now owns 1,128,581 shares of the company’s stock worth $90,997,000 after purchasing an additional 938,356 shares during the period. Finally, Cetera Investment Advisers grew its stake in Schwab US Dividend Equity ETF by 53.1% during the first quarter. Cetera Investment Advisers now owns 2,104,047 shares of the company’s stock worth $169,649,000 after buying an additional 729,602 shares during the period.

Schwab US Dividend Equity ETF Stock Performance

Shares of SCHD stock traded up $0.67 during trading hours on Friday, reaching $84.53. The company had a trading volume of 2,472,968 shares, compared to its average volume of 3,212,576. The company has a market capitalization of $59.30 billion, a P/E ratio of 15.04 and a beta of 0.74. Schwab US Dividend Equity ETF has a twelve month low of $66.67 and a twelve month high of $84.57. The stock’s fifty day simple moving average is $80.47 and its 200 day simple moving average is $79.00.

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.