MOR Wealth Management LLC lowered its stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD – Free Report) by 16.0% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 111,579 shares of the company’s stock after selling 21,279 shares during the quarter. Schwab US Dividend Equity ETF makes up approximately 1.4% of MOR Wealth Management LLC’s portfolio, making the stock its 17th largest holding. MOR Wealth Management LLC’s holdings in Schwab US Dividend Equity ETF were worth $3,538,000 as of its most recent SEC filing.
Several other hedge funds have also added to or reduced their stakes in SCHD. Merrithew & Thorsten Inc bought a new position in shares of Schwab US Dividend Equity ETF during the 4th quarter valued at approximately $25,000. Byrne Asset Management LLC bought a new stake in shares of Schwab US Dividend Equity ETF in the 2nd quarter worth approximately $26,000. DiNuzzo Private Wealth Inc. bought a new stake in shares of Schwab US Dividend Equity ETF in the 2nd quarter worth approximately $27,000. Dynamic Wealth Strategies LLC purchased a new position in Schwab US Dividend Equity ETF in the fourth quarter valued at approximately $29,000. Finally, Ashton Thomas Securities LLC purchased a new position in Schwab US Dividend Equity ETF in the first quarter valued at approximately $32,000.
Schwab US Dividend Equity ETF Trading Down 0.8%
Shares of NYSEARCA SCHD opened at $34.80 on Friday. The stock has a fifty day simple moving average of $33.63 and a two-hundred day simple moving average of $32.25. Schwab US Dividend Equity ETF has a 1-year low of $26.32 and a 1-year high of $35.31. The firm has a market cap of $108.12 billion, a price-to-earnings ratio of 14.57 and a beta of 0.68.
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.
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