Schwab US Dividend Equity ETF (NYSEARCA:SCHD) Shares Sold by Granite Bay Wealth Management LLC

Granite Bay Wealth Management LLC cut its holdings in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 21.8% during the second quarter, HoldingsChannel.com reports. The firm owned 11,973 shares of the company’s stock after selling 3,341 shares during the period. Granite Bay Wealth Management LLC’s holdings in Schwab US Dividend Equity ETF were worth $931,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Strategic Financial Concepts LLC raised its stake in Schwab US Dividend Equity ETF by 5,259.9% in the second quarter. Strategic Financial Concepts LLC now owns 3,114,560 shares of the company’s stock valued at $242,188,000 after buying an additional 3,056,451 shares during the last quarter. Sumitomo Life Insurance Co. increased its stake in Schwab US Dividend Equity ETF by 41.5% during the 2nd quarter. Sumitomo Life Insurance Co. now owns 8,940,000 shares of the company’s stock valued at $677,625,000 after purchasing an additional 2,620,000 shares in the last quarter. Charles Schwab Trust Bank purchased a new stake in Schwab US Dividend Equity ETF in the first quarter valued at approximately $146,782,000. Wulff Hansen & CO. raised its position in Schwab US Dividend Equity ETF by 8,405.3% during the 2nd quarter. Wulff Hansen & CO. now owns 1,455,434 shares of the company’s stock worth $113,175,000 after buying an additional 1,438,322 shares during the last quarter. Finally, Diversified LLC boosted its holdings in shares of Schwab US Dividend Equity ETF by 493.3% in the 1st quarter. Diversified LLC now owns 1,128,581 shares of the company’s stock valued at $90,997,000 after acquiring an additional 938,356 shares during the last quarter.

Schwab US Dividend Equity ETF Price Performance

Schwab US Dividend Equity ETF stock 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 stock has a market capitalization of $59.30 billion, a PE ratio of 15.04 and a beta of 0.74. The business has a 50 day simple moving average of $82.49 and a 200-day simple moving average of $79.83.

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.