Orion Capital Management LLC Decreases Stake in Schwab US Dividend Equity ETF $SCHD

Orion Capital Management LLC cut its holdings in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 14.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 96,008 shares of the company’s stock after selling 16,499 shares during the period. Schwab US Dividend Equity ETF comprises about 1.0% of Orion Capital Management LLC’s investment portfolio, making the stock its 23rd biggest holding. Orion Capital Management LLC’s holdings in Schwab US Dividend Equity ETF were worth $3,044,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of SCHD. MeadowBrook Investment Advisors LLC lifted its stake in shares of Schwab US Dividend Equity ETF by 3.3% in the first quarter. MeadowBrook Investment Advisors LLC now owns 10,182 shares of the company’s stock worth $312,000 after acquiring an additional 325 shares in the last quarter. Semus Wealth Partners LLC grew its stake in Schwab US Dividend Equity ETF by 0.7% during the 1st quarter. Semus Wealth Partners LLC now owns 51,317 shares of the company’s stock valued at $1,574,000 after purchasing an additional 347 shares in the last quarter. Harmony Asset Management LLC increased its holdings in Schwab US Dividend Equity ETF by 3.8% during the 1st quarter. Harmony Asset Management LLC now owns 9,585 shares of the company’s stock worth $294,000 after purchasing an additional 354 shares during the last quarter. Commonwealth Financial Services LLC increased its holdings in Schwab US Dividend Equity ETF by 1.8% during the 1st quarter. Commonwealth Financial Services LLC now owns 20,837 shares of the company’s stock worth $639,000 after purchasing an additional 374 shares during the last quarter. Finally, First Pacific Financial increased its holdings in Schwab US Dividend Equity ETF by 8.9% during the 1st quarter. First Pacific Financial now owns 4,681 shares of the company’s stock worth $144,000 after purchasing an additional 383 shares during the last quarter.

Schwab US Dividend Equity ETF Stock Up 0.6%

Shares of SCHD opened at $35.01 on Thursday. The firm has a market cap of $108.77 billion, a price-to-earnings ratio of 14.57 and a beta of 0.67. The business’s 50 day moving average is $33.51 and its two-hundred day moving average is $32.21. Schwab US Dividend Equity ETF has a 52-week low of $26.32 and a 52-week high of $35.31.

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.