ProVise Management Group LLC Sells 38,956 Shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

ProVise Management Group LLC cut its stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 39.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 59,048 shares of the company’s stock after selling 38,956 shares during the quarter. ProVise Management Group LLC’s holdings in Schwab US Dividend Equity ETF were worth $4,592,000 as of its most recent SEC filing.

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

Schwab US Dividend Equity ETF Stock Performance

SCHD opened at $84.85 on Friday. The stock has a fifty day moving average of $82.09 and a 200-day moving average of $79.58. The company has a market capitalization of $59.52 billion, a P/E ratio of 15.04 and a beta of 0.74. Schwab US Dividend Equity ETF has a fifty-two week low of $66.67 and a fifty-two week high of $85.24.

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.