Schwab US Dividend Equity ETF $SCHD Stock Holdings Lessened by Parallel Advisors LLC

Parallel Advisors LLC lessened its stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 13.4% in the third quarter, Holdings Channel.com reports. The fund owned 493,195 shares of the company’s stock after selling 76,560 shares during the quarter. Parallel Advisors LLC’s holdings in Schwab US Dividend Equity ETF were worth $13,464,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Biltmore Family Office LLC grew its holdings in shares of Schwab US Dividend Equity ETF by 116.4% in the 3rd quarter. Biltmore Family Office LLC now owns 974 shares of the company’s stock worth $27,000 after acquiring an additional 524 shares during the last quarter. Reyes Financial Architecture Inc. lifted its holdings in shares of Schwab US Dividend Equity ETF by 1,903.1% during the third quarter. Reyes Financial Architecture Inc. now owns 1,302 shares of the company’s stock valued at $36,000 after purchasing an additional 1,237 shares during the last quarter. Independence Bank of Kentucky acquired a new position in shares of Schwab US Dividend Equity ETF in the 3rd quarter valued at $41,000. True Wealth Design LLC boosted its position in shares of Schwab US Dividend Equity ETF by 42.9% in the 3rd quarter. True Wealth Design LLC now owns 1,500 shares of the company’s stock valued at $41,000 after purchasing an additional 450 shares during the period. Finally, Total Investment Management Inc. purchased a new position in Schwab US Dividend Equity ETF in the 2nd quarter worth about $43,000.

Schwab US Dividend Equity ETF Trading Down 0.4%

NYSEARCA SCHD opened at $31.13 on Friday. The stock’s 50-day moving average price is $29.98 and its two-hundred day moving average price is $28.24. The company has a market cap of $81.88 billion, a PE ratio of 14.57 and a beta of 0.77. Schwab US Dividend Equity ETF has a 1 year low of $23.87 and a 1 year high of $31.95.

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.