Schwab US Dividend Equity ETF $SCHD Stock: Global Wealth Management LLC Trims Position

Global Wealth Management LLC cut its position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 8.8% in the third quarter, HoldingsChannel reports. The firm owned 573,284 shares of the company’s stock after selling 55,566 shares during the period. Schwab US Dividend Equity ETF comprises about 10.1% of Global Wealth Management LLC’s investment portfolio, making the stock its 4th largest holding. Global Wealth Management LLC’s holdings in Schwab US Dividend Equity ETF were worth $18,649,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in SCHD. Triumph Capital Management raised its holdings in shares of Schwab US Dividend Equity ETF by 14.6% in the 3rd quarter. Triumph Capital Management now owns 2,389 shares of the company’s stock valued at $78,000 after purchasing an additional 305 shares in the last quarter. Gemmer Asset Management LLC grew its holdings in Schwab US Dividend Equity ETF by 1.5% in the second quarter. Gemmer Asset Management LLC now owns 21,618 shares of the company’s stock worth $686,000 after purchasing an additional 317 shares during the last quarter. MeadowBrook Investment Advisors LLC boosted its holdings in Schwab US Dividend Equity ETF by 3.3% in the first quarter. MeadowBrook Investment Advisors LLC now owns 10,182 shares of the company’s stock worth $312,000 after acquiring an additional 325 shares in the last quarter. FC Advisory LLC increased its holdings in shares of Schwab US Dividend Equity ETF by 1.8% during the third quarter. FC Advisory LLC now owns 19,234 shares of the company’s stock valued at $626,000 after acquiring an additional 336 shares in the last quarter. Finally, Semus Wealth Partners LLC boosted its stake in Schwab US Dividend Equity ETF by 0.7% in the 1st quarter. Semus Wealth Partners LLC now owns 51,317 shares of the company’s stock worth $1,574,000 after purchasing an additional 347 shares in the last quarter.

Schwab US Dividend Equity ETF Price Performance

NYSEARCA SCHD opened at $34.10 on Friday. The stock’s fifty day moving average price is $34.00 and its 200 day moving average price is $32.74. Schwab US Dividend Equity ETF has a 1 year low of $26.32 and a 1 year high of $35.31. The company has a market cap of $113.92 billion, a price-to-earnings ratio of 14.57 and a beta of 0.68.

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.