Cedar Wealth Management LLC Has $35.98 Million Position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Cedar Wealth Management LLC boosted its stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 2.4% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 462,695 shares of the company’s stock after acquiring an additional 10,739 shares during the period. Schwab US Dividend Equity ETF accounts for 11.7% of Cedar Wealth Management LLC’s portfolio, making the stock its 2nd largest holding. Cedar Wealth Management LLC owned approximately 0.07% of Schwab US Dividend Equity ETF worth $35,979,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. Central Pacific Bank Trust Division bought a new position in shares of Schwab US Dividend Equity ETF during the 1st quarter worth $25,000. Financial Gravity Asset Management Inc. acquired a new stake in shares of Schwab US Dividend Equity ETF during the second quarter worth $25,000. CarsonAllaria Wealth Management Ltd. purchased a new stake in Schwab US Dividend Equity ETF during the 1st quarter valued at about $26,000. Iron Horse Wealth Management LLC acquired a new position in Schwab US Dividend Equity ETF in the 2nd quarter worth approximately $26,000. Finally, PFG Private Wealth Management LLC acquired a new stake in shares of Schwab US Dividend Equity ETF in the second quarter worth $27,000.

Schwab US Dividend Equity ETF Stock Up 0.8 %

SCHD opened at $84.85 on Friday. Schwab US Dividend Equity ETF has a 52-week low of $66.67 and a 52-week high of $85.24. The firm’s fifty day simple moving average is $82.09 and its two-hundred day simple moving average is $79.58. The company has a market cap of $59.52 billion, a price-to-earnings ratio of 15.04 and a beta of 0.74.

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.