Granite Bay Wealth Management LLC Sells 3,341 Shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Granite Bay Wealth Management LLC lessened its holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 21.8% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 11,973 shares of the company’s stock after selling 3,341 shares during the quarter. Granite Bay Wealth Management LLC’s holdings in Schwab US Dividend Equity ETF were worth $931,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in SCHD. BNP Paribas Financial Markets bought a new position in Schwab US Dividend Equity ETF in the fourth quarter worth approximately $354,000. CWA Asset Management Group LLC raised its holdings in shares of Schwab US Dividend Equity ETF by 21.1% in the 4th quarter. CWA Asset Management Group LLC now owns 16,474 shares of the company’s stock valued at $1,254,000 after purchasing an additional 2,872 shares in the last quarter. Peapack Gladstone Financial Corp lifted its position in shares of Schwab US Dividend Equity ETF by 4.4% in the 4th quarter. Peapack Gladstone Financial Corp now owns 24,225 shares of the company’s stock worth $1,845,000 after purchasing an additional 1,028 shares during the period. Rollins Financial Advisors LLC bought a new position in Schwab US Dividend Equity ETF in the fourth quarter worth approximately $4,328,000. Finally, Belpointe Asset Management LLC lifted its holdings in Schwab US Dividend Equity ETF by 138.0% during the fourth quarter. Belpointe Asset Management LLC now owns 75,098 shares of the company’s stock worth $5,717,000 after buying an additional 43,550 shares during the period.

Schwab US Dividend Equity ETF Trading Up 0.3 %

Shares of NYSEARCA:SCHD opened at $84.54 on Tuesday. Schwab US Dividend Equity ETF has a 12-month low of $66.67 and a 12-month high of $85.24. The business’s fifty day simple moving average is $82.49 and its 200-day simple moving average is $79.83. The company has a market capitalization of $59.30 billion, a PE 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.