Chesapeake Wealth Management Trims Stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Chesapeake Wealth Management reduced its holdings in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 4.1% in the second quarter, according to its most recent filing with the SEC. The fund owned 35,925 shares of the company’s stock after selling 1,529 shares during the period. Schwab US Dividend Equity ETF comprises 1.0% of Chesapeake Wealth Management’s portfolio, making the stock its 29th biggest position. Chesapeake Wealth Management’s holdings in Schwab US Dividend Equity ETF were worth $2,794,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in SCHD. Garden State Investment Advisory Services LLC grew its stake in Schwab US Dividend Equity ETF by 0.5% in the second quarter. Garden State Investment Advisory Services LLC now owns 115,959 shares of the company’s stock worth $9,122,000 after purchasing an additional 612 shares in the last quarter. MAS Advisors LLC lifted its holdings in shares of Schwab US Dividend Equity ETF by 1.9% in the 2nd quarter. MAS Advisors LLC now owns 13,035 shares of the company’s stock worth $1,014,000 after buying an additional 248 shares during the period. AE Wealth Management LLC grew its position in shares of Schwab US Dividend Equity ETF by 3.8% during the 2nd quarter. AE Wealth Management LLC now owns 96,893 shares of the company’s stock worth $7,534,000 after buying an additional 3,574 shares in the last quarter. Cedar Wealth Management LLC increased its stake in shares of Schwab US Dividend Equity ETF by 2.4% during the second quarter. Cedar Wealth Management LLC now owns 462,695 shares of the company’s stock valued at $35,979,000 after buying an additional 10,739 shares during the period. Finally, Hollencrest Capital Management lifted its stake in Schwab US Dividend Equity ETF by 536.0% in the second quarter. Hollencrest Capital Management now owns 1,253 shares of the company’s stock worth $97,000 after acquiring an additional 1,056 shares during the period.

Schwab US Dividend Equity ETF Price Performance

Shares of Schwab US Dividend Equity ETF stock opened at $84.48 on Friday. The stock has a market cap of $59.26 billion, a price-to-earnings ratio of 15.04 and a beta of 0.74. The firm’s 50-day moving average is $82.19 and its two-hundred day moving average is $79.62. Schwab US Dividend Equity ETF has a 1 year low of $66.67 and a 1 year 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.