Cowa LLC Reduces Stock Position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Cowa LLC cut its stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 13.4% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 39,428 shares of the company’s stock after selling 6,087 shares during the quarter. Schwab US Dividend Equity ETF comprises about 1.6% of Cowa LLC’s holdings, making the stock its 16th largest position. Cowa LLC’s holdings in Schwab US Dividend Equity ETF were worth $3,066,000 as of its most recent filing with the SEC.

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

Schwab US Dividend Equity ETF Price Performance

NYSEARCA SCHD opened at $84.85 on Friday. The company’s 50 day simple moving average is $82.09 and its two-hundred day simple moving average is $79.58. Schwab US Dividend Equity ETF has a 1 year low of $66.67 and a 1 year high of $85.24. The stock has a market capitalization of $59.52 billion, a PE ratio of 15.04 and a beta of 0.74.

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.