Cetera Investment Advisers Sells 128,505 Shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Cetera Investment Advisers decreased its holdings in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 6.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,975,542 shares of the company’s stock after selling 128,505 shares during the period. Cetera Investment Advisers owned 0.28% of Schwab US Dividend Equity ETF worth $153,618,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. Central Pacific Bank Trust Division bought a new stake in Schwab US Dividend Equity ETF in the first quarter valued at $25,000. Financial Gravity Asset Management Inc. acquired a new position in Schwab US Dividend Equity ETF during the 2nd quarter worth approximately $25,000. CarsonAllaria Wealth Management Ltd. bought a new position in Schwab US Dividend Equity ETF in the first quarter worth approximately $26,000. Iron Horse Wealth Management LLC acquired a new stake in Schwab US Dividend Equity ETF in the second quarter valued at approximately $26,000. Finally, PFG Private Wealth Management LLC bought a new stake in shares of Schwab US Dividend Equity ETF during the second quarter valued at approximately $27,000.

Schwab US Dividend Equity ETF Stock Up 0.3 %

Shares of NYSEARCA:SCHD opened at $84.54 on Tuesday. The stock’s 50 day moving average is $82.49 and its 200-day moving average is $79.83. Schwab US Dividend Equity ETF has a twelve month low of $66.67 and a twelve month high of $85.24. The firm has a market capitalization of $59.30 billion, a price-to-earnings ratio of 15.04 and a beta of 0.74.

About Schwab US Dividend Equity ETF

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.