Invst LLC Lowers Stock Position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Invst LLC cut its position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 12.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 9,651 shares of the company’s stock after selling 1,420 shares during the period. Invst LLC’s holdings in Schwab US Dividend Equity ETF were worth $747,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. LPL Financial LLC raised its position in Schwab US Dividend Equity ETF by 3.1% during the second quarter. LPL Financial LLC now owns 11,180,518 shares of the company’s stock worth $869,397,000 after acquiring an additional 339,256 shares during the period. Charles Schwab Investment Advisory Inc. increased its position in shares of Schwab US Dividend Equity ETF by 0.4% during the first quarter. Charles Schwab Investment Advisory Inc. now owns 9,721,361 shares of the company’s stock worth $783,833,000 after purchasing an additional 40,493 shares in the last quarter. Sumitomo Life Insurance Co. increased its position in shares of Schwab US Dividend Equity ETF by 41.5% during the second quarter. Sumitomo Life Insurance Co. now owns 8,940,000 shares of the company’s stock worth $677,625,000 after purchasing an additional 2,620,000 shares in the last quarter. Avantax Advisory Services Inc. raised its stake in Schwab US Dividend Equity ETF by 4.0% in the 1st quarter. Avantax Advisory Services Inc. now owns 7,775,195 shares of the company’s stock valued at $626,914,000 after purchasing an additional 299,496 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. lifted its holdings in Schwab US Dividend Equity ETF by 2.4% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 5,851,505 shares of the company’s stock valued at $455,013,000 after purchasing an additional 139,020 shares in the last quarter.

Schwab US Dividend Equity ETF Stock Up 0.3 %

Schwab US Dividend Equity ETF stock opened at $84.54 on Tuesday. The company has a fifty day simple moving average of $82.49 and a 200-day simple moving average of $79.83. The firm has a market capitalization of $59.30 billion, a price-to-earnings ratio of 15.04 and a beta of 0.74. Schwab US Dividend Equity ETF has a 52-week low of $66.67 and a 52-week high of $85.24.

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.