Schwab US Dividend Equity ETF $SCHD is Cedar Wealth Management LLC’s 2nd Largest Position

Cedar Wealth Management LLC grew its holdings in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 12.5% during the third quarter, Holdings Channel reports. The firm owned 1,445,656 shares of the company’s stock after purchasing an additional 160,249 shares during the quarter. Schwab US Dividend Equity ETF comprises about 12.1% of Cedar Wealth Management LLC’s holdings, making the stock its 2nd largest position. Cedar Wealth Management LLC’s holdings in Schwab US Dividend Equity ETF were worth $39,466,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Biltmore Family Office LLC grew its holdings in shares of Schwab US Dividend Equity ETF by 116.4% in the third quarter. Biltmore Family Office LLC now owns 974 shares of the company’s stock valued at $27,000 after purchasing an additional 524 shares in the last quarter. Reyes Financial Architecture Inc. boosted its position in Schwab US Dividend Equity ETF by 1,903.1% in the 3rd quarter. Reyes Financial Architecture Inc. now owns 1,302 shares of the company’s stock valued at $36,000 after buying an additional 1,237 shares during the period. Independence Bank of Kentucky acquired a new position in shares of Schwab US Dividend Equity ETF in the third quarter worth $41,000. True Wealth Design LLC grew its stake in shares of Schwab US Dividend Equity ETF by 42.9% in the third quarter. True Wealth Design LLC now owns 1,500 shares of the company’s stock worth $41,000 after acquiring an additional 450 shares in the last quarter. Finally, Total Investment Management Inc. purchased a new stake in shares of Schwab US Dividend Equity ETF during the second quarter worth $43,000.

Schwab US Dividend Equity ETF Trading Down 0.4%

Shares of NYSEARCA SCHD opened at $31.13 on Friday. The stock has a market cap of $81.88 billion, a P/E ratio of 14.57 and a beta of 0.77. The business’s fifty day simple moving average is $29.98 and its 200-day simple moving average is $28.23. Schwab US Dividend Equity ETF has a 12-month low of $23.87 and a 12-month high of $31.95.

Schwab US Dividend Equity ETF 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.